#United States #New York #franchise #Electronics #PayMore Stores

PayMore Stores Makes Significant Expansion Move

In a remarkable display of growth, PayMore Stores, renowned as the fastest-growing electronics franchise in the United States, has announced the grand opening of 18 new locations during March 2025. This strategic expansion aims to enhance the accessibility of their electronics trade-in services across North America and the United Kingdom. Such rapid growth underscores the franchise's commitment to sustainability and consumer convenience.

Since its inception in 2011, PayMore has conducted around 1.5 million device trade-ins, firmly establishing its position as a leader in the electronics resale sector. The franchise specializes in a vast range of electronic devices, including smartphones, gaming systems, tablets, and more. Customers can enjoy an environmentally friendly way to monetize their electronics, with cash incentives for used devices and responsible recycling options, all while ensuring data protection through proper data wiping procedures.

Stephen R. Preuss Sr., the CEO and Co-Founder of PayMore, expressed enthusiasm about the recent openings, stating, "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. 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."

This growth initiative comes on the heels of an impressive increase in franchise agreements, with 13 new contracts signed in just the first quarter of 2025. This influx will contribute to the establishment of nearly 70 new stores in states such as Rhode Island, Massachusetts, Connecticut, California, New Jersey, New York, Missouri, Utah, and Georgia, among others. PayMore's aggressive growth strategy demonstrates their promise to revolutionize the sales and resale of personal electronics.

Furthermore, the brand has made significant steps in international expansion by awarding franchise opportunities in both Canada and the U.K. From humble beginnings, PayMore's network currently consists of 71 locations with an ambitious target of 150 by the end of 2025. There are also plans for nearly 400 units in development across the U.S. and an additional 180 internationally.

Details of the New Locations

The new PayMore establishments set to open in March 2025 include:

• - PayMore Mechanicsburg, Pennsylvania: Located at 4900 Carlisle Pike, Camp Hill, PA 17050.
• - PayMore Melbourne, Florida: Situated at 3202 Lake Washington Road, Melbourne, FL 32934.
• - PayMore Seven Oaks, South Carolina: Found at 275 Park Terrace Drive, Columbia, SC 29212.
• - PayMore Summerville, South Carolina: Addressed at 1706 Old Trolley Road, Summerville, SC 29485.
• - PayMore Burlington, Vermont: At 150 Dorset Street, South Burlington, VT 05403.
• - ...and many more, including new sites in Ontario, Canada, and the United Kingdom.

PayMore's mission, centered on extending the life cycle of electronic products and promoting a sustainable approach to consumer electronics, has gained traction. By fostering an environment where customers can sell used devices and purchase new ones, they are establishing a new niche in the retail industry. With the momentum from their effective franchise strategy—launching since 2020—they have attracted experienced entrepreneurs looking to delve into an innovative retail format with considerable growth potential.

As PayMore continues on its journey, consumers are encouraged to explore their nearest locations and take part in this movement towards sustainable electronics sales and trade-ins. Visit PayMore.com for more information on their services and upcoming locations.