PayMore is reporting that its electronics resale and recycling franchise business now recycles more than 1.1 million pounds of e-waste each year, buys and repurposes 1.58 million devices, and is expanding its footprint.The company now has more than 100 stores, 27 leases signed, 20 new letters of intent, and over 600 units in development across four countries, including Canada. The company’s website lists seven stores that are operation across the country, with another 11 coming soon.Globally, more than 62 million tons of e-waste are produced each year, yet only about 20 percent is properly collected and recycled, according to the 2024 Global E-Waste Monitor. That means billions of phones, laptops, and other devices end up in landfills or unregulated waste streams, releasing toxins into soil and water.PayMore stores offers free recycling for unwanted devices, secure data destruction, and cash payouts for working tech, creating a consumer incentive that drives both environmental and economic sustainability. Customers bring in old electronics for instant cash or trade, and anything that can’t be resold is recycled responsibly. Each device undergoes certified data wiping or destruction, ensuring total security while preventing harmful materials from entering landfills.“Every pound of e-waste we recycle is one less pound of toxins entering our environment,” said Stephen Preuss, CEO of PayMore. “Our mission is simple: make sustainability accessible, profitable, and scalable. We’ve built a business model where helping the planet also helps our franchisees succeed.”As its environmental impact grows, so does its footprint. PayMore is now open and operating in 28 U.S. states – a 65 percent increase year-over-year – and in development across 44 states, a 76 percent increase. International expansion has accelerated with new stores and leases in the U.K. and Canada. There are also 47 new store openings or scheduled openings across the U.S., U.K., and Canada.“We’re not just recycling devices, we’re rebuilding how people think about technology ownership,” said Erik Helgesen, president of PayMore. “This isn’t a short-term trend. It’s a shift toward conscious consumption, and our growth shows how ready consumers and entrepreneurs are for it.” (ICE TORONTO)

Fonte notizia: https://wasterecyclingmag.ca/