Electronics resale chain PayMore plans to continue its aggressive store expansion in 2026 with the opening of 96 new locations across the U.S. and Canada throughout the year.
The franchise retailer — which pays cash for customers’ used electronics, then refurbishes and resells them — already had more than doubled its store count in 2025, from 71 to 150 locations in the U.S., Canada and the UK. The 2026 openings will clock in at an average pace of eight per month, and the company said in a post on X that nearly half of the planned openings for this year are already supported by signed leases and active letters of intent.
Since 2011, PayMore has processed nearly 2 million devices. Co-founders Stephen Preuss and Erik Helgesen shared their plans for the chain on an episode of Retail Remix, saying the ultimate goal is to have more than 500 stores across the U.S., Canada and Europe.
Those growth plans are certainly aided by the current wave of consumer enthusiasm for shopping secondhand, but Helgesen believes that experience also is a crucial component in building a resale brand: “When we come into these communities, we have great technology, we have great spaces, well-lit locations, great staff and very safe trade-in procedures that allow people to walk in, trade in their tech safely and easily — no appointments, no shipping — and walk out feeling good about their data security and the cash in their pocket,” he shared on the Retail Remix podcast.
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