Today, using Magento 1 platform is one of the worst things you could do to your eCommerce store.
In fact, if you don’t upgrade your store to Magento 2.x, soon you’re going to lose all the reputation as well as credibility that you’ve earned over the years for your eCommerce brand.
More importantly, you’ll also not receive the latest support and security patches from Magento, which will put your customers’ sensitive data at huge risk from a wide variety of cyberattacks and threats.
Apart from these, there are many other disadvantages that could happen if you don’t upgrade your store to Magento 2.x.
And in this article, we’ve discussed some of the most important things that will happen if you continue to use the Magento 1 platform on your online store.
1 - You’ll No Longer Receive Latest Security Patches
Before Adobe announced to end the life support for Magento 1 Open-source & Commerce editions, Magento was actively searching and fixing potential vulnerabilities and threats in Magento 1.x stores.
But after 30th June 2020, Magento has stopped fixing any bugs and security issues found in Magento 1 stores.
And without these latest security patches, the security of Magento 1 stores will decay over time, making them highly vulnerable to cyber-attacks and threats.
As a result, it will put your as well as your customers’ sensitive data at risk if you don’t upgrade your Magento 1 store to Magento 2.
2 - Your Store’s Overall Performance will Soon Fall Apart
Once your Magento 1 store will no longer receive latest updates & security patches, things will soon start falling apart in your store and make it slower and buggier.
However, when you upgrade your store to Magento 2, you’ll not only receive all the latest updates & security patches, but you will also have all the latest, out-of-the-box features of Magento 2.
3 - Developers will Stop Support for Magento 1 Extensions
If you’ve purchased & integrated Magento 1 extensions into your store, then one of the most important things you need to know is that third-party extension developers will no longer provide support for their Magento 1 extensions.
This is mainly because Adobe ended support for Magento 1.
So now, most of the Magento 1 extension developers are moving on to Magento 2.
Alternatively, when you upgrade your store to Magento 2, it will allow you to find more and more feature-rich Magento 2 extensions with lifetime support.
4 - Your Store will Lose PCI Compliance
PCI stands for Payment Card Industry and PCI Compliance standards basically help to make sure security of all payments made through credit cards on your online store.
And apart from payment security, PCI Compliance also helps to secure the store and the platform it’s built on.
But, since Adobe has ended support for Magento 1, it has now become compulsory to upgrade Magento 1 stores to Magento 2 in order to make them PCI Compliant.
On the other hand, if you don’t upgrade your store to Magento 2, there are high chances of credit card data being stolen from your store, in which case you’ll need to pay heavy fines.
According to a recent IBM report, companies usually have to pay $240+ USD per stolen record.
So, it’s highly recommended for you as well as your customers to switch to Magento 2 as soon as possible.
5 - Hiring Magento 1 Developers will Become More Expensive
Lastly, if you don’t upgrade your store to Magento 2 and decide to simply make required changes to your Magento 1 store, then hiring Magento 1 developers will become highly expensive.
This is mainly because of two reasons. First, the majority of Magento 1 developers as well as agencies are now preferring to work only with Magento 2, which makes finding Magento 1 developers or agencies very difficult.
And secondly, even if you’re lucky enough to find Magento 1 developers in your network, they’ll definitely demand more money than the standard charges.
So, it’s just better to upgrade your store to Magento 2 and receive all the benefits than simply pay more money to maintain your store on a deprecated platform.
Over to You!
Magento 1 platform was extremely popular when it was first launched.
But after the release of Magento 2, the Magento 1 platform has become almost obsolete in the market.
Magento 2 platform, on the other hand, has now become one of the leading eCommerce platforms globally and is best known for its unmatched flexibility, customization, and features.
So, if you want to leverage these benefits for your eCommerce business, we highly recommend you to avail of our newest Magento 1 to 2 Migration for a seamless transition with zero downtime of your existing store.
