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.