Own a PayMore Electronics Franchise

PayMore Get started

    Fransmart company logo - white
    Fransmart is the franchise development company for PayMore Electronics

    Read the full article on PayMore franchisee Dan Lowe at Franchise Times. After Domino’s and Firehouse, Franchisee Makes Switch to Retail With PayMore

    The PayMore Electronics Franchise Investment




    100% of the initial franchise fee for first 3 stores + deposit of 50% of the initial franchise fee for each additional store


    The greater of 5% of the Gross Sales or $1,000 per calendar month


    1% of Gross Sales


    2% of Gross Sales


    1% of Gross Sales


    $239,250 – $362,500

    PayMore Founders: Our Target Franchisee

    We’re looking for dynamic, driven and tech-savvy entrepreneurs to join our team, with the passion + resources to purchase multi-unit development opportunities. Here are a few things you can expect:



    • Deliver an important service to your community
    • Provide a superior product to your customers
    • Receive ongoing corporate support from the PayMore team
    • Get access our custom engineered sales and automation tools
    • Collective buying and selling opportunities

    Are you the next savvy entrepreneur to become a PayMore franchisee? 

    PayMore Get started

      PayMore Electronics Franchise Advantages

      Customer Ecosystem

      We offer customer trade credit on gently used devices to promote e-waste recycling, the highest cash trade-in values on the market, strong data privacy protections, and extended warranties for used electronics sales. 

      Quality of Life

      With a 70% online business model, franchisees can generate revenue while they sleep. Store hours are typically 10 A.m. – 7 P.m. on weekdays, 10 A.m. – 4 p.m. on Saturdays, and closed on Sundays.


      Discounted electronics provide sustainable, low-priced solutions to savvy consumers. With prices that cannot be beat by e-commerce or big-box giants, PayMore Stores serve as a local hub for electronics sales with global e-commerce reach.

      Proprietary Tech

      PayMorePOS is our proprietary online software solution that combines 10 years of development and hands-on practice to provide the backbone of your store management and buying operations. Connect instantly to the PayMore Network for help scaling your business.

      Green Business

      Offer your community a convenient way to reduce e-waste with electronics trade-in for cash or store credit.

      The Market

      CEO, PayMore

      Stephen R. Preuss

      President, PayMore

      Erik Helgesen

      Our Story

      Our mission is to repurpose electronics and recirculate them back into the marketplace, helping to reduce the country’s e-waste footprint. In 2011, PayMore Stores was founded in Massapequa, NY. This small Long Island community was looking to solve a problem  old and broken electronics were piling up in landfills, causing an environmental mess.


      The first location received strong local support in Massapequa, NY for its environmentally friendly trade-in service and high volumes in trade-ins. From there, PayMore became a highly valued member of the community, serving as a local electronics hub with highly knowledgeable staff.

      To help meet demand for the brand’s green-friendly concept, President Erik Helgesen and CEO Stephen Preuss launched franchise opportunities nationwide. The company’s franchise opportunities offer electronic savvy entrepreneurs an exciting opportunity to own their own business. Their foundation is based on hands-on training and one-on-one corporate leadership support.

      Starting with one small brick and mortar storefront, PayMore Stores has grown to the highest grossing secondhand electronics dealer in Long Island, serving more than 30,000 customers. Its success was featured recently in Entrepreneur Magazine. Today, PayMore Stores has several open locations operating in major U.S. markets, and many more in development. Will you be next in joining our community of collaborative entrepreneurs and small business owners? 

      Become a PayMore Franchisee in 30 days

      STEP 1

      Submit an Inquiry Form (Today)

      STEP 2

      Speak with Franchise Development Director (within 24 hours)

      STEP 3

      Submit the Franchise Application (2 days)

      STEP 4

      Review Application with Franchise Development Director (3 days)

      STEP 5

      Review Franchise Disclosure Document (FDD) with Franchise Development Director (5 days)

      STEP 6

      Schedule Discovery Day with Franchisor (14 days)

      STEP 7

      Execute letter of intent (16 days)

      STEP 8

      Become a PayMore Electronics Franchise Owner (30 days)

      Franchise Requirements

      Operational experience in business is a plus, but not required assuming a professional Director of Operations will be part of your team. Prospective Franchisees must meet the minimum requirements below to be considered for a PayMore franchise.

      • $500k net worth*
      • $100K liquid capital available for investment*
      • Ready to begin development within the next 3-6 months
      • Ready to grow a multi-unit territory in a major U.S. area

      *Investment partners may contribute to this requirement

      Franchise Support

      When you join the PayMore Stores family, you are supported by services and training opportunities designed to help you succeed as a new or continuing small business owner and entrepreneur. Each store owner receives individualized and ongoing corporate franchisee support, including access to the PayMore Stores franchise portal. Online tools include training, marketing, and workflow charts. In addition, each store owner is supported by our experienced corporate operations and technical teams who provide ongoing day-to-day operational assistance. Franchisee support includes:

      • Real estate / site selection
      • Store build-out, construction
      • Training systems
      • Operational support
      • PayMore Franchise Portal
      • Custom point-of-sale system
      • Marketing and branding
      • Pre-opening and grand opening support
      • On-going support from corporate specialists who have years of in-store operations and electronics experience.
      Click below to access the FDD:

      Ready to become a successful franchisee?

      PayMore Get started

        *The information contained on this website is not an offer to sell or the solicitation of an offer to buy a franchise. The franchise information contained herein is not directed to the residents of any particular jurisdiction. The offer of a franchise can only be made through the delivery of a franchise disclosure document. Certain states require that we register the franchise disclosure document in those states. We will not offer or sell franchises in those states until we have registered to do so (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.

        Fransmart is the global leader in franchise development.

        Franchise With Us