PayMore Announces New Locations, Including Two in South Carolina
Mar 26, 2025 02:45PM ● By August Spencer
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PayMore, the nation's fastest-growing electronics franchise and one of the fastest growing retail brands, announced the grand opening of 18 new locations across the United States, Canada, and the United Kingdom in March 2025.
This expansion, which includes new South Carolina stores in Seven Oaks and Summerville, marks the latest milestone in PayMore's aggressive growth strategy, which has seen the company experience a 600 percent increase in units over the past two 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 18 new markets and continue our mission of extending the lifecycle of electronics while providing exceptional value and empowering our customers.”
The announcement of these new locations follows an exceptional period of growth for the company. In the first quarter of this year alone, PayMore signed 13 franchise agreements that will result in nearly 70 new stores across multiple states.