Summary
- Tech retail chain PayMore is buying old GameStop locations, aiming to create more vibrant, community-focused spaces.
- GameStop has closed over 700 stores since 2020.
- PayMore has been expanding rapidly, with 18 stores opening in March 2025 and a projected 150 by the end of the year.
PayMore, a technology retail chain, is acquiring former GameStop locations as the once-thriving gaming store shuts them down. The past few years have been challenging for GameStop, leading to an escalating number of physical store closures since the onset of the COVID-19 pandemic. This trend has been fueled by the surge in online shopping, prompting GameStop to explore additional income streams such as NFTs and Bitcoin investment.
These attempts have had minimal impact in reducing the number of GameStop physical stores shutting down over the past few years. In fact, more than 700 stores have permanently closed since 2020, leaving many customers surprised to find their local game stores vacant with “closed” signs on their windows. This turn of events is disappointing for those who enjoy buying video games in-person at GameStop, but it appears that another company might be preparing to take over the empty space.
Reportedly, PayMore, a rapidly expanding technology store chain allowing customers to exchange their used electronics, is said to be purchasing shuttered GameStop locations. As stated by PayMore themselves, the objective is to transform these stores into lively, community-oriented spaces that emphasize adaptability, fairness, and sustainability. PayMore highlights that both companies operate in similar retail formats, and with GameStop closures, more customers have been turning to PayMore for console trading services.
PayMore Aims to Replace GameStop
PayMore asserts that their customers enjoy a superior experience because employees respect their time, safeguard their data, and never short-change them by omitting essential components. Notably, PayMore welcomes all sorts of electronic devices, even outdated gaming consoles and other hardware that gamers may want to exchange for cash. Furthermore, it’s reported that they prioritize minimizing environmental impact and refurbishing electronics for future use.
Over the past year, PayMore has experienced significant growth, with 18 new stores opening in March 2025 and a planned expansion to 150 locations by the end of the year. It appears that some of this growth involves repurposing former GameStop locations, which are being revitalized as part of PayMore’s continuous acquisitions. As more shoppers opt for online video game purchases, PayMore aims to step into the void created by GameStop’s growing closures and offer a venue for gamers to trade in their old consoles for cash.
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2025-04-22 20:14