The end of support for Magento 1 is almost here. For both Magento Commerce (formerly Magento Enterprise) and Magento Open Source (formerly Magento Community) the final bell is just 2-3 months away.

For eCommerce stores still depending on this soon-to-be-discontinued version of Magento, here are two factors that need immediate attention –

(i) PCI Compliance and
(ii) Magento Agency bottleneck.

#1 – PCI compliance

Your store is Magento PCI compliant for now. But, after June 2020, by using a version that’s no longer supported by Magento, your store might violate PCI compliance.

The PCI (Payment Card Industry) insists an eCommerce business owner to review (annually) both hardware and software technologies used by the store.

As the support for Magento 1.x ends with June 2020, stores operating on Magento 1 will not pass the PCI rules due to lack of new security updates.

A store that’s not Magento PCI compliant might face multiple issues like:

• Unable to accept credit card payments 90 days after the support ends.
• Non-compliance attracts penalties ranging from $5,000 to $100,000.
• Additional penalties may be levied until compliance is met.
• Penalties if users’ credit card data is compromised.
• Compensating with the customer whose data has been compromised.

#2 – The Magento agency bottleneck

The rush hour is almost here. If you postpone your decision to migrate, you might join the long list of eCommerce brands waiting for a Magento development agency to take up their project.

Here is the math. According to data from BuiltWith, the number of companies currently using Magento 1.x would be almost 180,000. But, there are just about 350+ Magento agencies equipped to handle Magento 2 migration.

Any migration project takes a few months based on the complexities involved. If you still shelve the idea of migrating it would be too late to get migrated before the deadline as agencies may not be available to take up your project.

Plan your move to Magento 2 now!

Magento PCI compliance and agency bottleneck will soon become major challenges for brands using Magento 1.x. It’s better to act immediately and migrate Magento 1 to 2. Our Magento-certified developers can help you plan for a smooth migration.