Paypal Ended Support for Magento 1 before its End of Life : Now What Next?

PayPal payment processor has notified Magento 1 merchants through the blog post and email suggests to go for Magento 2 migration before Adobe pulls plugs on the Magento 1 platform. The announcement from PayPal also goes on to list the consequences of not migrating.

PayPal Mentions the risk involved and what happens if you continue to stay with Magento 1 platform after EOL. The risks like a data breach, security breach, falling out of PCI DSS compliance, and others are few increased risks Magento 1 merchants have to bear.

Once you lose the PCI compliance, you won’t be able to take payment and it would become easy for hackers to target your store for stealing data. PCI DSS standards are set by the major payment processors to secure the transaction against theft and fraud.

So, it applies equally to all the merchants and payment processors worldwide. And PayPal is not an exception for this rule and thus, merchants who have integrated PayPal also have to comply with PCI DSS standards. Read the full announcement of the PayPal about Magento 1 EOL In detail to know more about what you should do to stay compliant with PCI DSS guidelines.

Top 10 Best Payment Gateways in India [Updated]

Due to the increase in the internet user base, the digital economy of India is growing. As per Statista, the eCommerce market share in India will cross the $64 billion mark for the year 2020. And by the year 2027, ‘tis expected to grow beyond $200 billion. From these statistics, we can say that the digital economy of India is growing day by day. Also, one report estimates that India will have 2.2% of the global digital payment market share by the year 2023. Thus, to conduct such kinds of huge digital payments, Indian service providers and eCommerce owners need strong, secure, fast, and user-friendly payment gateways in India. And due to the digitization move getting stronger day by day, people have started to use credit/debit cards, digital wallets, and other methods for doing payments on online platforms. As a new age entrepreneur and startup, you should look for transaction charges, time for setup, user interfaces, payment options, after-sale support, etc before selecting a...

Top 10 International Payment Gateways Worldwide

An efficient payment gateway is at the root of providing a great checkout experience to customers. It is the most important factor service providers have to consider while running an online business. But what if your customers don’t have on par payment experience while paying on your website? Well, it’ll break the trustworthiness of your brand and the sales will eventually start to decline. But there’s a lot that you can do to improve the payment experience of your customers. For starters, you can integrate fast, secure, and trustable international payment gateways. A robust payment gateway will help you elevate the payment experience on your website and also increase the conversion rate. But there is a pool of international payment gateways out in the market and selecting the best one for your business is quite a difficult job. Also, business owners need to consider things like ease of integration, security standards, pay-out time, multi-currency support, customer support av...

Complete Walk Through of eCommerce Evolution and its History

Ecommerce has become an important part of our routine life and all thanks to the invention of the Internet. It has been so effectively penetrated in our lives that imagining life without the internet and eCommerce is impossible. Ecommerce or electronic commerce means buying and selling products or services over the internet. The history of eCommerce dates back to around 40 years ago in the 1980s and since then, it has helped numerous businesses to grow innumerably. Amazon and eBay are the oldest and have pioneered online transactions. The latest advancements in technology and enhanced internet connectivity have made the eCommerce more accessible to all. Small to large enterprises, businesses, and start-ups all have benefited from it. Also, it’s still a hot favorite among new-age entrepreneurs who also want a piece of the pie. Due to the invention of eCommerce, no one now wants to go out in the street to buy products. People want to shop everything and do everything from the comfort...

Dennis Walters

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