[Update as of June 5, 2025] PayMore, a franchise retailer that pays cash for used electronics, has opened 19 stores in the U.S. and Canada during Q2. The retailer had opened 18 locations in March 2025, and PayMore’s ultimate goal for 2025 is to more than double its store fleet, from 71 stores at the beginning of the year to 150 in the U.S., Canada and the UK.
Original story from March 19, 2025 begins-
PayMore has kickstarted a planned 2025 expansion of its store fleet by opening 18 new locations in March. The franchise retailer, which pays cash for customers’ used electronics, currently operates 71 stores in the U.S., Canada and the UK, but it plans to more than double that number to 150 stores by the end of 2025.
Since its 2011 founding, PayMore Stores have facilitated nearly 1.5 million device trade-ins, specializing in smartphones, gaming systems, tablets and a range of other electronics.
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“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 Preuss Sr., CEO and Co-founder of PayMore in a statement. “We’re excited to bring our sustainable business model to these 18 new markets and continue our mission of extending the lifecycle of electronics while providing exceptional value and empowering our customers.”
PayMore’s March store openings include four stores in Florida, two each in California and South Carolina, stores in Pennsylvania, Vermont, Maryland, Illinois and New Jersey as well as four stores in Ontario and one in the UK near London.
In addition to the March openings, PayMore has singed 13 franchise agreements that will result in nearly 70 new stores across Rhode Island, Massachusetts, Connecticut, California, New Jersey, New York, Missouri, Utah, Georgia, North and South Carolina, Pennsylvania, Virginia and Florida.
