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...

‘Figure Out’ 16 Reasons to Migrate to Magento 2 from your old Magento 1 Store

As we all know that Magento is shutting off Magento 1 from its list and are only going to focus on the development of Magento 2. So, the only option Magento 1 users have is to migrate to Magento 2. And June 2020 is the deadline for Magento 1. After that no technical support from the Magento team will be provided. Most of the users, foreseeing the future of Magento 2, have already transitioned to Magento 2. But there are still Magento 1 merchants who are confused and don’t know why they should rush into migrating to Magento 2. First, let’s talk about what happens if you do not migrate to Magento 2, Magento is ending support for all Magento 1.X editions. It means that no quality or security patches after June 2020. Magento 1 will become an outdated platform. It will have bugs and critical issues without any reliable solutions. With an outdated platform and critical bugs, you could lose PCI compliance. No PCI compliance means that you cannot accept payment via credit cards. Th...

Dennis Walters

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