Wednesday, September 24, 2025

PayOMatic checks out of Houston Street — and elsewhere

Photos by Stacie Joy 

The PayOMatic outpost at 303 E. Houston St., between Clinton and Attorney, recently shuttered, part of a company-wide closure for the brand. There were also LES outposts on Essex and Pitt. 

The New York Department of Financial Services has suspended the company's licenses, per a notice

The company, founded in 1958, was NYC's largest provider of check cashing and alternative financial services.
Per the door signage:
To our valued customers, 

We regret to inform you that, after more than 50 years of service to your communities, all Pay-O-Matic check cashing store locations are closed as of September 12, 2025. Additionally, the Pay-O-Matic Bill Payment Network and Pay-O-Matic bill payment services are no longer available either at our branch locations or participating agent locations in New York and New Jersey. 
Even if you had a bank for check cashing and money transfers, this PayOMatic had a Coinstar coin-counting machine — a nice convenience in the neighborhood. The only other one we can think of is inside the D'Agostino on First Avenue and 20th Street.

3 comments:

Liam R said...

Mourning the CoinStar. And their find a kiosk page is down so I can't find another one: https://www.coinstar.com/findakiosk

Alex in NY said...

There is (was?) another one between 14th and 15th Streets on 8th Avenue, but ... maybe that's gone, too, now?

Jack said...

Seems like they were all shut down:

“The New York Department of Financial Services (DFS) has posted a consumer alert regarding Pay-O-Matic.

DFS has confirmed that PAYOMATIC, a provider of check cashing and money transmission services, has ceased operations, and the Department has suspended the company’s licenses.”

https://fxnewsgroup.com/forex-news/payments/ny-watchdog-suspends-licenses-of-pay-o-matic/