PayMore, the nation's fastest-growing electronics franchise and one of the fastest growing retail brands, announced the opening of 19 new locations across the United States and Canada between April and June 2025. This expansion reinforces the company's position as one of the fastest-growing retail brands, having achieved a remarkable 700% increase in store count over the past two years.
Founded in 2011, PayMore has processed nearly 2 million device trade-ins, positioning the company at the forefront of the electronics resale market. The franchise specializes in purchasing smartphones, gaming systems, tablets and other consumer electronics, providing customers with competitive compensation for their pre-owned electronics while promoting environmental sustainability through responsible recycling and secure data protection protocols.
"These nineteen new locations demonstrate our dedication to expanding access to electronics trade-in services across North America" said Stephen R. Preuss Sr., CEO and Co-Founder of PayMore Stores. "We're building a sustainable business model that extends device lifecycles while delivering exceptional value to our customers and franchise partners."
The Q2 2025 openings cap an impressive growth trajectory for PayMore. During the first quarter of 2025, the company executed thirteen new franchise agreements that will generate approximately 70 additional stores across Rhode Island, Massachusetts, Connecticut, California, New Jersey, New York, Missouri, Utah, Georgia, North Carolina, South Carolina, Pennsylvania, Virginia and Florida.
PayMore's expansion into international markets represents a significant strategic milestone, with new franchise opportunities now available in Canada and the United Kingdom. The company currently operates 88 locations and projects approximately 150 stores will be operational by year-end 2025. Looking ahead, PayMore has nearly 600 total units thus far in development with over 400 units domestically in the US and an additional nearly 200 locations planned internationally.
The electronics resale industry continues to gain momentum as consumers increasingly prioritize sustainability and seek alternatives to traditional disposal methods. PayMore's franchise model addresses this demand while providing entrepreneurs with opportunities in the growing circular economy sector.
The nineteen new PayMore locations opened in Q2 2025 include:
PayMore Temecula - San Diego, CA
PayMore Frederick - Frederick, MD
PayMore Sandhill - Columbia, SC
PayMore Thornton - Denver, CO
PayMore Gurnee - Chicago, IL
PayMore Summerlin - Las Vegas, NV
PayMore Lincoln - Lincoln, NE
PayMore Irving - Houston, TX
PayMore Paramus - Paramus, NJ
PayMore Pembroke Pines - Miami, FL
PayMore Murray - Salt Lake City, UT
PayMore University City - Charlotte, NC
PayMore West Valley - Salt Lake City, UT
PayMore Kennesaw - Atlanta, GA
PayMore Woodbridge - Washington DC
PayMore Westport - Kansas City, MO
PayMore Toronto - 577 Yonge Street, Toronto, ON M4Y 1Z2.
PayMore Morningside WMT - Canada
PayMore Surrey - Vancouver, Canada