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The Pawns.com Story

Written by The Pawns.com Team Published on December 17, 2015

Pawns.com was founded in 2013 by Peter Pocrnich who brings with him 20 years of experience in the financial sector. For the past 15+ years Pocrnich has been supporting customers in the consumer lending sector with its wide array of quality loan products.

A Chicago-based tech startup, Pawns.com was formed to service the pawn loan industry in North America. We are the premier online buyer and seller platform that matches consumers with reputable local brick and mortar pawn locations.

During this time a wealth of experience, knowledge and relationships have been formed by working with the leading pawnbrokers in the nation. It is a win-win for all, as the $7B U.S. pawn industry is expected to continue this dramatic pattern of growth as consumer demand for pawn loans skyrockets.

Now just two years after its inception, Pawns.com has become a major player in the pawn industry. The technology behind Pawns.com connects its consumers with quality pre-screened local pawnbrokers who will offer the most favorable deal, eliminating the need to search for a competitive offer on their own.

Our Mission

Here at Pawns.com our mission is to help the consumer and pawnbroker alike, based on our sincere belief that everyone deserves a fair offer for their resale items. Moreover, we help the local community pawnbrokers by giving them a competitive advantage in today’s marketplace by providing a safe environment for individuals to pawn or sell their items.

Our Vision

Our vision is to harness the advancement of technology to serve the community and help local pawnshops throughout the nation reach potential customers and grow their business. Connecting to the thousands of reputable pawn shops across the nation helps us stay true to our fundamentals.

Our Goals

Our strategic goal – which is readily attainable – is to become the #1 buyer/seller platform for online customers and to be partnered with 90% of pawnshops nationwide. And we are well on our way to achieving this as our momentum grows exponentially, with thousands of applicants pouring in each day.

How Does Pawns.com Work?

Pawns.com uses a simple matching formula: When a user submits their information to our extensive database, the item is viewed by nearby pawnbrokers that then compete to provide an offer. From there, the user is able to select the best offer made in order to maximize the cash they will receive in exchange for their item. In addition to acquiring critical information about pawnbrokers’ offers, users of the service can read and leave online reviews of pawn shops.

How Do Pawnbrokers Benefit?

Pawnbrokers are able to obtain thousands of leads with no cost whatsoever to them
Pawns.com empowers pawn stores to reach potential customers online who would otherwise use apps like Wallapop, Let Go, or Ebay
The Pawns.com elegant and streamlined online platform provides pawnshop owners with a true competitive advantage in today’s’ marketplace.

How Do Consumers Benefit?

  • Individuals are able to liquidate their items by having pawnshops compete for the best offer.
  • The online interface will allow customers to browse thousands of items listed for sale by pawnbrokers, both locally and nation wide.
  • Unlike similar platforms like Ebay or Craigslist, which often offer dubious deals or items, online customers can feel safe when selling their items.
  • Consumers benefit from being able to obtain a quote from the comfort of their home and connect with the top local pawnbrokers matched to them.

Pawns.com very much looks forward to continuing our astronomical growth in 2016 with our booming strategic partnerships and service to the community as we herald our next year of service to the consumer lending industry.