PayMore Stores, the electronics retail franchise, has made big strides in Pittsburgh.
By Andrew Carlo
The franchise, which buys, sells, and trades electronics, has signed a six-unit franchise deal with Verrity Group. This deal marks PayMore’s entry into the Pittsburgh market.
According to PayMore, the Verrity Group is currently working with the franchise’s real estate team to identify locations.
“Pittsburgh is a great fit for what we’re building at PayMore,” said Stephen Preuss Sr., CEO and co-founder of PayMore. “This is a brand that works in real neighborhoods, with real demand behind it. We’re thrilled to welcome the Verrity Group to the PayMore family and look forward to seeing them make an impact in Western Pennsylvania.”
In June, Paymore reported that it had opened 19 new locations in the United States and Canada since April of this year. The company also said that it has processed more than 19 million device trade-ins since its founding in 2011. This includes smartphones, gaming systems, tablets and other consumer electronics.
During the first quarter of 2025, the company had 13 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.
The company currently operates 88 locations and projects approximately 150 stores will be operational by the end of 2025. Looking ahead, PayMore has nearly 600 total units in development with over 400 units planned domestically in addition to nearly 200 international locations.
Regarding expansion and the franchise’s business strategy, Preuss said, “We’re building a sustainable business model that extends device lifecycles while delivering exceptional value to our customers and franchise partners.”
Information about franchise opportunities with PayMore is available at fransmart.com/brand/paymore..
