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PayMore Bets on Brick-and-Mortar With 96-Store Expansion
Electronics buy-sell franchise PayMore plans a 96-store expansion across the U.S. and Canada in 2026, nearly doubling its physical footprint.
Key Points
- Electronics buy-sell franchise PayMore plans a 96-store expansion across the U.S. and Canada in 2026, nearly doubling its physical footprint.
- The company's model relies on small-footprint stores offering immediate cash for used electronics as a faster alternative to online marketplaces.
- This push into brick-and-mortar retail serves as a local intake strategy, even as 70% of the company's sales are generated through e-commerce.
- PayMore's success hinges on competing with automated kiosks and big-box trade-in programs by offering convenience without a pawn-shop perception.
The electronics buy-sell franchise PayMore is opening 96 new stores across the U.S. and Canada in 2026, a major physical retail expansion as reported by Chain Store Age. The move nearly doubles the company’s footprint, signaling a significant bet that the market for second-hand gadgets needs more local, cash-on-the-spot transaction hubs.
A model for speed: PayMore’s franchise model is built around small-footprint stores designed to bypass the operational hurdles of traditional retail. “Our growth is two-fold with consistent new deal signings, lease signings, and store openings,” CEO Stephen Preuss told Chain Store Age. The company’s core pitch is offering immediate cash for used electronics, positioning itself as a faster alternative to online marketplaces.
Bricks over clicks: The strategy presents a compelling tension, as 70% of PayMore’s business reportedly comes from e-commerce. This deliberate push into physical locations suggests the company sees value in local intake centers that build trust and provide a tangible touchpoint for customers, even as its sales are primarily digital.
PayMore's success hinges on its ability to navigate the market's fundamental challenge: offering pawn-shop speed without the pawn-shop perception. The company must manage its brand carefully against the convenience of automated kiosks and the established trust of big-box retailers' trade-in programs. Meanwhile, the growth isn't limited to this single announcement, with the company also signing deals to expand in the Boston area and the Sunbelt.
