Using Loanbuilder to Finance Your Magento Migration

Migrate Before End-Of-Life in June 2020

Magento 1s end-of-life is approaching quickly. In fact, the date that Magento will stop offering support for Magento 1 is in less than a year. This means merchants need to migrate their site before June 2020 if they want their sites to be protected from spam, malware, and other security threats. Not to mention Magento 1 sites might no longer be PCI compliant; violations can lead to hefty fines.

In order for merchants to stay ahead of the curve and avoid these risks, it is important that merchants begin making the move to Magento 2 as quickly as possible in order to adequately prepare for the time it takes to migrate to a new site. Many e-commerce site owners are holding off on migrating to the new platform because of cost concerns. Thankfully, that no longer has to worry merchants, because of the ‘Magento Migration Loan’ now available. The financing plan is provided by Loanbuilder, a subsidiary service of PayPal, who has partnered with Magento to provide qualifying merchants with fee-free financing for their migration from Magento 1 to Magento 2.

Magento Migration Loan

Individuals who apply can receive anywhere from $5,000-$500,000 of loans to fund the migration, with funding available as fast as the next business day. In addition, merchants will not be hit by hidden fees or charges. Once merchants fulfil the migration requirements, they will get a full credit from PayPal covering the loan fee.

The way the crediting system works is simple: first businesses must apply for the Magento Migration Loan through LoanBuilder. Once approved, the business will use the loan to accelerate the migration process from Magento 1 to Magento 2. Next, they will sign a three-year processing/renewal agreement with Brraintree, a payment gateway and subsidiary of PayPal, and process Braintree on the new Magento 2 site for at least three months, by signing up for a PayPal Business Account. Three simple steps.

Using Loanbuilder to Finance Your Magento Migration 1Eligible merchants must have a business in the United States (or the District of Columbia), have been a Magento platform user in business for at least nine months, and have an annual revenue of at least $42,000.

Those who qualify for the loan program and have been considering migration have nothing to lose, and everything to gain. Not only is Magento 2 far more superior than Magento 1, but the migration can now be completed as soon as possible since merchants no longer have to stress about the price of migrating. There is absolutely no reason to wait.

Contact Creatuity for More Info

This is a limited time offer. Contact us today for more information on the Magento Migration Loan.

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