PayMore, the nation's fastest-growing electronics franchise and one of the fastest growing retail brands, today announced the grand opening of eighteen new locations across the United States, Canada and the United Kingdom in March 2025. This expansion marks the latest milestone in PayMore's aggressive growth strategy, which has seen the company experience a 600% increase in units over the past 2 years.
Since its founding in 2011, PayMore Stores has facilitated nearly 1.5 million device trade-ins, establishing itself as the leader in the electronics resale industry. The company specializes in smartphones, gaming systems, tablets and all other electronics, offering consumers an environmentally friendly way to monetize their devices while receiving the most competitive compensation for their used electronics or recycling responsibly all with the proper data protection wiping processes.
“Our March 2025 expansion represents our commitment to making electronics trade-in services accessible to more communities across North America and now the UK,” 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 announcement of these eighteen new locations follows an exceptional period of growth for the company. In the first quarter of this year alone, PayMore signed thirteen franchise agreements that will result in nearly seventy 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.
PayMore also achieved an important milestone with its recent international expansion, awarding opportunities in Canada and the United Kingdom. Currently, PayMore operates 71 locations with approximately 150 expected to be open by the end of 2025. The company also has nearly 400 units in development domestically and another 180 in development internationally.
The new PayMore locations opening in March 2025 include:
— PayMore Mechanicsburg, Pennsylvania: A 2,000 sq ft store located 4900 Carlisle Pike, Camp Hill, Pennsylvania 17050, United States.
— PayMore Melbourne, Florida: A 1,656 sq ft store located 3202 Lake Washington Road, Melbourne, Florida 32934, United States.
— PayMore Seven Oaks, South Carolina: A 1,450 sq ft store located 275 Park Terrace Drive, Columbia, South Carolina 29212, United States.
— PayMore Summerville, South Carolina: A 1,400 sq ft store located 1706 Old Trolley Road, Summerville, South Carolina 29485, United States.
— PayMore Burlington, Vermont: A 1,400 sq ft store located 150 Dorset Street, South Burlington, Vermont 05403, United States.
— PayMore Alafaya, Florida: A 1,487 sq ft store located 12014 East Colonial Drive, Orlando, Florida 32826, United States.
— PayMore Clinton, Maryland: A 1,940 sq ft store located 7726 Old Branch Avenue, Clinton, Maryland 20735, United States.
— PayMore South San Francisco, California: A 1,100 sq ft store located 951 El Camino Real, South San Francisco, California 94080, United States.
— PayMore Algonquin, Illinois: A 1,473 sq ft store located 1473 South Randall Road, Algonquin, Illinois 60102, United States.
— PayMore Temecula, California: A 1,790 sq ft store located 41115 Winchester Road, Temecula, California 92591, United States.
— PayMore Sand Lake, Florida: A 1,500 sq ft store located 8956 Turkey Lake Road, Orlando, Florida 32819, United States.
— PayMore Pembroke Pines, Florida: A 1,050 sq ft store located 12530 Pines Boulevard, Pembroke Pines, Florida 33027, United States.
— PayMore Matawan, New Jersey: A 2,300 sq ft store located 39 Mill Road, Matawan, New Jersey 07747, United States.
— PayMore Toronto Downtown, Ontario: A store located 577 Yonge Street, Toronto, ON M4Y 1Z2.
— PayMore Boxgrove Ontario
— PayMore Stouffville Ontario
— PayMore Morningside Ontario
— Paymore 12-14 Park St, Luton LU1 3EP, United Kingdom (just south of london)
For more information about PayMore or to find the nearest location, visit PayMore.com
About PayMore:PayMore was founded in 2011 in Massapequa, New York to obtain and repurpose old electronics and recirculate them back into the marketplace instead of having them pile up in landfills. What started as a mission driven store on Long Island has quickly become the fastest growing electronics franchise in the country. By offering customers a boutique retail experience where they can safely sell unwanted electronics and buy new devices, PayMore Stores has created a new niche in the marketplace with 71 open stores and over 500 in development and counting. The brand began franchising in 2020, and with its low start-up costs, incredible unit economics, and easy operations quickly began attracting experienced multi-unit franchisees looking for a 'lighter lift' business model or to diversify their portfolios.
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SOURCE PayMore Stores
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