PayMore sets sights on opening 150 new stores by end of year
PayMore Stores has started 2025 off strong as it continues to expand its footprint in the United States and beyond.
The buy-sell-trade electronics franchise will open 18 new locations across the U.S., Canada and the U.K. in March. The new stores include major markets such as Florida (four new stores), California (two new stores), South Carolina (two new stores) and Ontario, Canada (four new stores). PayMore expanded its U.K. footprint with a new location in Luton, a London suburb.
In the first quarter of this year alone, PayMore signed 13 franchise agreements that will result in nearly 70 new stores across multiple states, including Rhode Island, Massachusetts, Connecticut, California, New Jersey, New York, Missouri, Utah, Georgia, South and North Carolina, Pennsylvania, Virginia and Florida.
[READ MORE: PayMore plans to nearly triple its U.S. store count in 2025]
Currently, the company operates 71 locations with approximately 150 expected to be open by the end of 2025. PayMore has nearly 400 units in development domestically and another 180 in development internationally.
"Our March 2025 expansion represents our commitment to making electronics trade-in services accessible to more communities across North America and now the U.K.," said Stephen R. Preuss Sr., CEO and co-founder of PayMore. "We're excited to bring our sustainable business model to these eighteen new markets and continue our mission of extending the lifecycle of electronics while providing exceptional value and empowering our customers."
The new PayMore locations opening in March 2025 include:
- PayMore Mechanicsburg, Pa.
- PayMore Melbourne, Fla.
- PayMore Seven Oaks, S.C.
- PayMore Summerville, S.C.
- PayMore Burlington, Vt.
- PayMore Alafaya, Fla.
- PayMore Clinton, Md.
- PayMore South San Francisco, Calif.
- PayMore Algonquin, Ill.
- PayMore Temecula, Calif.
- PayMore Sand Lake, Fla.
- PayMore Pembroke Pines, Fla.
- PayMore Matawan, N.J.
- PayMore Toronto Downtown, Ontario
- PayMore Boxgrove, Ontario
- PayMore Stouffville, Ontario
- PayMore Morningside, Ontario
- Paymore Luton, U.K.
Since its founding in 2011, Massapequa, N.Y.-based PayMore Stores has facilitated nearly 1.5 million device trade-ins. The company specializes in smartphones, gaming systems, tablets and all other electronics, offering consumers an environmentally friendly way to monetize their devices while receiving competitive compensation for their used electronics.
