You may be a merchant who is perfectly content with how your store operates in Magento 1. However, putting off your Magento 2 upgrade is not in your best interest. Here are three major problems you run the risk of facing if you avoid moving your store out of Magento 1.1. You will be more susceptible to security breaches
When June 2020 arrives, Magento will no longer publish security patches for the Magento Community and Magento Enterprise editions. If security breaches are not addressed, sites will be vulnerable to cyber-attacks and hacks.
This can be catastrophic for Magento 1 merchants. If your customer data is compromised, the reputation of your business will suffer. Your best bet is to get ahead of such issues by initiating a Magento 2 upgrade.2. The cost of development and maintenance will be higher
While some hobbyists may be able to help solve emerging technical issues in Magento 1 after official support ends, the cost and turn-around time will be unpredictable.
Because Magento 2 is the new standard, key talent in the Magento community has shifted its focus to the next phase and is no longer open to taking on Magento 1 projects.
Additionally, alternative solutions for Magento 1 support will be in much higher demand after June 2020, so engineers will likely become more expensive to hire. If you have been reluctant to begin a Magento 2 upgrade because of cost, consider that the long-term costs of staying in Magento 1 could end up being much higher.3. Support for your favorite extensions will fizzle out
There are more than 5,000 Magento plugins and apps that enhance the functionality of online stores. As Magento 1 approaches its final days, many existing extensions will soon become outdated. Additionally, many technology solution providers will discontinue support for them.
A Magento 2 upgrade opens up a variety of extension options that can make for a better eCommerce experience. Here are seven of our favorites
that will simplify your life!3 additional perks of completing your Magento 2 upgrade