Franchisor Stories
Franchise Opportunity Deep Dive: PayMore is an electronics resale franchise where customers can buy, sell, trade and recycle used tech through a store model supported by e-commerce.
PayMore combines consumer electronics resale, e-commerce and sustainability into a retail franchise model. The brand buys, sells, trades and recycles used electronics, including smartphones, laptops, tablets, gaming systems, smartwatches, cameras and audio equipment. With most sales taking place online, lean staffing needs and a simple retail footprint, PayMore is positioning itself as a scalable alternative to traditional food and service franchises.
PayMore was founded on Long Island and has grown into a national electronics resale franchise. The brand began selling franchises in 2020 and has since expanded across the U.S. and internationally. PayMore is led by co-founders Stephen R. Preuss Sr. and Erik Helgesen, who built the concept around a tech-forward resale model designed to help customers turn unused electronics into cash while keeping devices out of landfills.
Mission: PayMore’s mission is to help customers safely and easily buy, sell, trade and recycle electronics while protecting their personal data.
Vision: PayMore’s vision is to make electronics resale more trusted, accessible and sustainable through locally owned stores backed by e-commerce technology.
PayMore is seeking franchisees in the U.S. and internationally. The brand currently has master franchisees in the U.K., Ireland and Canada and is continuing to expand across the U.S. and global markets.
Visit the PayMore franchise website for more information on current franchising opportunities.
Initial Costs: The estimated initial investment required to begin operation of a PayMore franchise ranges from $138,750 to $268,500. The 2026 Franchise Disclosure Document (FDD) breaks these costs down as follows:
| Type of Expenditure | Min | Max |
| Initial Franchise Fee | $35,000 | $35,000 |
| Technology Configuration Fee | $2,500 | $7,500 |
| Delayed Opening Fee | $0 | $5,000 |
| Leasehold Improvements & Construction Costs | $8,000 | $15,000 |
| Licenses & Permits | $250 | $500 |
| Rent (3 Months) | $9,000 | $15,000 |
| Security Deposits | $3,000 | $6,000 |
| Blueprints | $0 | $2,500 |
| Furnishings, Fixtures & Equipment | $20,000 | $50,000 |
| Signage — Interior and Exterior | $5,000 | $8,500 |
| Computer System/POS System | $4,000 | $6,000 |
| Training Program, Travel, Lodging & Living Expenses While Training | $5,000 | $7,500 |
| Insurance (3 Months) | $500 | $1,500 |
| Professional Fees | $1,000 | $2,500 |
| Grand Opening Advertising Campaign | $3,000 | $5,000 |
| Opening Electronics Inventory & Supplies | $5,000 | $10,000 |
| On-Site Location Evaluation | $0 | $1,000 |
| Additional Funds (3 Months) | $30,000 | $75,000 |
| PayMore Kiosk | $7,500 | $15,000 |
Initial Franchise Fee: PayMore franchisees must pay a nonrefundable initial franchise fee of $35,000 for each store. The fee is due in a lump sum upon signing the Franchise Agreement and is charged uniformly to all franchisees.
Ongoing Fees: According to the 2026 FDD, PayMore franchisees are responsible for the following ongoing payments and fees:
| Type of Fee | Amount |
| Royalty | 5% of gross sales/month |
| Technology | 1% of gross sales/month |
| Worldwide Creative Marketing Fee | 1% of gross sales/month |
| Local Advertising | 2% of gross sales/month |
ROI Potential: According to the 2026 FDD, the 48 franchise-operated locations operating for the entirety of 2025 reported the following annual gross sales:
Average | Median | High | Low |
$998,719 | $914,145 | $1,858,003 | $358,934 |
PayMore supports franchisees through the pre-opening process, including real estate guidance, store setup, onboarding and preparation for launch. The brand says stores can open in about 180 days after signing and do not require expensive A-site real estate.
PayMore provides training and support designed to help franchisees follow the brand’s resale, customer service, operations and e-commerce systems. Electronics or tech experience is not required, though operational business experience is helpful.
PayMore provides ongoing corporate support, operational standards and franchisee guidance. The brand has also added experienced franchise operations leadership to support consistency across its growing global network.
PayMore provides custom sales and automation tools built for electronics resale. Its proprietary technology helps stores evaluate devices, price products, manage resale opportunities and support online sales.
Operational experience in business is a plus but is not required if the franchisee has a professional Director of Operations as part of the team. PayMore is looking for driven, tech-savvy entrepreneurs who are ready to begin development within three to six months and grow a multi-unit territory in the U.S. or internationally.
PayMore is designed to be a leaner retail model than many food franchises. Stores typically require one to two employees per shift, operate on a five-and-a-half-day workweek and are closed on Sundays. The brand promotes the model as easier to run than many restaurant concepts, though franchisees should still be prepared to manage local operations, staffing, customer service and resale execution.
PayMore does not offer direct or indirect financing to franchisees.
“We were drawn to PayMore for its efficient operations and minimal staffing requirements. Unlike restaurants that need 40 to 60 employees, PayMore can operate with just two to four, making it easier to scale.”
- Pranav Desai, Multi-Unit Franchisee — East Coast
“We realized it would be a huge mistake not to secure more territory while we had the chance. PayMore will now be our largest and fastest-growing brand. We're fortunate to have gotten in when we did.”
- Milo Leakehe, Multi-Unit Franchisee — Georgia
Visit the PayMore franchise website for more franchisee testimonials and success stories.
The secondhand electronics market continues to benefit from rising consumer demand for affordable technology, growing interest in sustainability and the increasing value of trade-in and resale programs. The global secondhand electronic products market was valued at approximately $139.5 billion in 2025 and is projected to grow from $153.4 billion in 2026 to $286.9 billion by 2035, representing a compound annual growth rate of 7.2%.
Primary competitors include Best Buy Trade-In, Apple Trade In, GameStop, ecoATM, uBreakiFix by Asurion, eBay, Back Market, Amazon Renewed and local pawn shops and independent electronics resale stores. While many of these competitors focus on either trade-ins, refurbished device sales or online resale, PayMore combines in-store buying, selling, trading and recycling with a growing e-commerce platform, giving customers multiple ways to transact through a single brand.
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