#United States #Charlotte #Electronics #PayMore

PayMore Reaches a Significant Milestone in Charlotte

In a remarkable display of growth amid shifting economic trends, PayMore, the largest electronics franchise in the United States, recently celebrated the opening of its 100th store in Charlotte, North Carolina. This achievement is not only a testament to the franchise's expanding footprint but also reflects a strategic response to evolving consumer expectations seeking value, sustainability, and safety in their purchasing behavior.

PayMore's rapid journey over the past two years showcases a striking 500% increase in store count, with nineteen new locations launched across the US, Canada, and Europe in just the second quarter of 2025 alone. The franchise is poised to reach a total of 150 stores by the end of the year, solidifying its status as one of the fastest-growing retail brands in the market. As stated by Stephen Preuss Sr., co-founder and CEO of PayMore, "Reaching 100 locations is a significant milestone, especially when most retail brands never grow beyond a handful of stores. We're incredibly proud of our team, and so thankful for our loyal customers."

This expansion operates against the backdrop of changing consumer spending trends, with research indicating a potential decrease to 3.7% in 2025 from 5.7% in 2024, particularly among lower- and middle-income groups. PayMore has positioned itself as a trusted source for those looking to achieve financial flexibility through the resale and purchase of certified pre-owned electronics. Customers can sell unused devices for extra income or buy quality products at a fraction of retail prices, providing an alternative to conventional retail shopping.

Moreover, data security and minimizing environmental impact are also central to PayMore's business model. Each device sold or traded in is thoroughly wiped of personal data or responsibly recycled, addressing the rising modern consumer concern over data protection. The company's e-waste recycling programs, which diverted over 1 million pounds of electronics away from landfills last year, embody PayMore's commitment to constructing a circular economy that prioritizes trust, transparency, and sustainable impact.

In celebration of this significant milestone, Randy Griesbach, a PayMore franchisee and Principal of Business Development at OP Holdings, expressed excitement about the new store’s potential. "This new store puts us in the heart of a thriving shopping district in Charlotte. Our experienced team is eager to help this community save money on quality electronics while giving their unused devices a second life through our resale and recycling programs."

The Charlotte store, located at 3050 Derita Road, STE 30, Concord, NC 28027, is set to welcome its first customers on September 22nd, 2025. This location expands PayMore's visibility in Charlotte, supplementing its already existing stores at Raintree and University City. Through these efforts, PayMore emphasizes the spirit of community engagement and customer service at the heart of its operations, combining technology with personalized retail experiences.

Founded in 2011 in Massapequa, New York, PayMore has evolved from a mission-driven store into the fastest-growing franchise in the electronics sector. The brand emphasizes a boutique retail experience, allowing customers to sell unwanted electronics safely while also providing them access to upgraded devices. With over 600 stores in development, PayMore's unique business blueprint has attracted experienced multi-unit franchisees looking to diversify their portfolios.

As the company continues to expand and innovate within the electronics marketplace, PayMore's milestone opening signals a bright future not only for the brand but for the communities it serves. Tech-forward and customer-focused, PayMore aims to redefine second-hand retail's landscape, leveraging technology, data insights, and e-commerce strategies to deliver a modern retail experience.

For more information about PayMore and to locate your nearest store, visit PayMore.com.