PayMore was recently featured by CO— by the U.S. Chamber of Commerce for its rapid expansion and technology-driven approach to electronics resale.
The feature explores how PayMore has built what its founders call a “new age retail” model, combining neighborhood brick-and-mortar stores with proprietary technology, data and e-commerce. At the time of the article, PayMore had reached 100 U.S. stores, with development agreements in place for another 460 domestic and 180 international locations.
The U.S. Chamber also highlighted why experienced multi-unit franchise operators are increasingly adding PayMore to their portfolios. PayMore stores typically operate in just 1,000–1,500 square feet with three to four employees, while the average store generates more than $1 million in gross sales, according to the company.
Beyond franchising, the feature examines the growing secondhand electronics market and how PayMore is using technology to make buying, selling and trading used devices faster, more transparent and more convenient for consumers.
Read the full feature: “How PayMore Is Reinventing Electronics Resale With Its Tech-Based Franchise Model—and Winning” on CO— by the U.S. Chamber of Commerce.