PayMore Exceeds 100 Franchise Deals Signed, Signaling Sustained Demand for Scalable Retail Model

April 23, 2026 // FranchisePR.com // Long Island, NY, – PayMore announced that it has surpassed 100 total franchise deals signed, marking a milestone in its franchise development. The figure indicates ongoing interest in scalable, service-driven retail concepts rooted in sustainability and value.

PayMore posted early-year performance metrics, including 11 new franchise deals in Q1 and 15 total deals so far in 2026. It opened 19 new locations in Q1, with 12 in the United States and 7 in Canada.

“This milestone reflects the strength of the model and the confidence franchisees have in the business,” said Stephen R. Preuss Sr., CEO at PayMore Group. “As demand for affordable, sustainable technology continues to grow, our franchisees are leaning in and expanding to meet that need in more communities.”

“We recently expanded beyond our original deal to secure more territory after seeing the performance firsthand, said Veer Patel, a PayMore multi-unit franchisee in Pennsylvania. “There’s real demand for electronics resale, and it made the decision easy. The process was smooth, and the corporate team continues to roll out updates that help us improve and scale.”

The business model is designed to support store launches and minimize typical retail barriers, with flexible site selection, streamlined buildouts, and a tech-enabled buying and pricing system intended to help franchisees operate efficiently from opening.

PayMore’s growth is described as a result of an operational model designed for simplicity, speed, and scalability. The model supports site selection and operating efficiency.

Market factors indicate continued demand for resale and recycling services as consumers seek affordable alternatives to new electronics and prioritize sustainability. PayMore provides a tech-enabled retail experience for buying, selling, and recycling devices in a single location.

SOURCE PayMore