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.
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3 comments:

  1. Liam RSeptember 24, 2025 at 9:10 AM

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

    ReplyDelete
  2. Alex in NYSeptember 24, 2025 at 9:28 AM

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

    ReplyDelete
  3. JackSeptember 24, 2025 at 9:26 PM

    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/

    ReplyDelete

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