Webstep Technologies

What Will Magento 1 end-of-life Mean for Your Business?

February 26, 2021

Magento (An Adobe Company) announced the release of Magento 2 in 2015 and at the same time, it declared a date for End of Life for Magento 1 in 2018.

The original end date for support of November 2018 created panic within the Magento community as there weren’t enough Magento 2 developers to migrate the existing portals from Magento 1 to Magento 2.

With no support & security patches after the cut-off date, any sites that missed out on migration would be vulnerable to security breaches, hacks and threats.

However,  Magento realised that the existing merchants using Magento 1 needed time to migrate to Magento 2 and Magento would continue support until June 2020.

What does Magento 1 end of life mean?

End of Life (EoL) means that Magento will no longer support the Magento 1 software after the cut-off date. The official EoL date for Magento 1 (both Magento Commerce 1 and Magento Open Source) is June 2020. Magento will no longer be providing support, security patches and quality fixes for these systems.

Risks associated with staying on Magento 1

  1. No Security Patches
  2. Missing on new Processes and innovations
  3. Losing on PCI Compliance
  4. No Support for the Platforms or Merchants

How Much Does It Cost To Build An eCommerce Site On Magento 2?

Every Magento 2 website build is unique and depending on the retailer’s size, building a new website on Magento 2 can cost anything from £10k-£100k+. Large & established retailers will need to consider existing features, functionality and data migration which will be added to the cost. Building a website using Magento Open Source will likely cost more upfront due to custom development work and the need to purchase additional extensions. However, for retailers with a high turnover, this may be more cost-effective than the ongoing charges for Magento Commerce which are based on revenue tiers.

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