Magento has launched Magento 2.4.7, with many new features and improvements for sellers and developers. This new version aims to boost the eCommerce experience, emphasising security and performance.
The latest version, released on April 8th, 2024, includes useful new features for Magento Open Source and Adobe Commerce users. Whether you’re an experienced Magento user or just getting started, you should upgrade for compelling reasons.
Now, let’s explore the key features and benefits that help eCommerce owners to create a better shopping experience. These features are very useful for the growth of eCommerce platforms; they also ensure safer, faster, and more user-specific solutions.
Magento 2.4.7 Release Available – Know What’s New!
Let’s explore the key features of Magento 2.4.7 for your eCommerce business.
Better Security for Your eCommerce Store
In today’s digital landscape, security is crucial. Magento 2.4.7 focuses on this by connecting essential security fixes and enhancements.
Limited coupon code generation
Magento now sets a limit on automatically generated coupons to prevent overwhelming the system and maintain control over promotional activities.
Optimized admin URLs
Enhanced admin URL generation creates more random and unpredictable patterns, making them significantly harder for unauthorized users to guess.
Content Security Policy (CSP) Updates
These adjustments ensure compliance with PCI 4.0 standards, further safeguarding your online store’s sensitive data.
Rate Limiting for Payments
This feature limits payment information sent through APIs to combat potential card attacks. You can customize this limit while preventing fraudulent activities.
Speed Up Your Success
Magento 2.4.7 understands that speed is crucial for a seamless customer experience. Here’s how it optimizes performance:
One of the standout features of Magento 2.4.7 is the significant performance boost offers. This update improves GraphQL, speeds up caching, and improves integrations. It will make the customer experience smoother and faster, leading to happier customers and more sales.
Key features include:
Lightning-Fast Page Loads
Experience faster page loads, especially for Progressive Web App (PWA) storefronts, thanks to advancements in GraphQL caching.
User-Initiated Order Cancellation
The new version of Magento allows user-initiated order cancellations. With these features, customers can cancel orders themselves. They can also provide the reasons for cancellation, simplifying the process and reducing the workload for customer service. This will enhance the overall experience.
Improved Order History
Product images are now included in order history views, adding a visual element and enhancing the customer experience.
Flexible Cart Management
The latest version makes it easier to manage guest shopping carts. You can now clear specific carts with a single action, streamlining your workflow. The new createGuestCart feature simplifies the process of creating and managing shopping carts for guests.
Payment Processing Made Easy
A smooth checkout process is crucial for turning visitors into potential customers. Magento 2.4.7 comes with new features that enhance the payment experience:
Braintree payment system upgrades
Securely store payment methods for faster checkouts. Customers can now pay with their default card without logging into PayPal or using alternative funding sources. They can also use services like Pay Later or Pay Credit for flexible payment options.
Express checkouts made easy
Speed up the payment process for your customers by offering popular express payment methods such as PayPal, Pay Later, Apple Pay, or Google Pay right at the beginning of the checkout process. This streamlined feature ensures a hassle-free shopping experience for your customers.
Streamlined Operations Efficiently
Magento 2.4.7 brings improvements that go beyond the checkout process, streamlining overall operations:
Effortless shipping integration
The platform now offers better support for updated services from major carriers like FedEx, USPS, and UPS. Additionally, Temando support has been discontinued.
Technology compatibility
Stay future-proof with compatibility with the latest versions of popular tools like PHP 8.3, RabbitMQ, Varnish Cache, Elasticsearch, OpenSearch, and Redis.
Bug fixes galore
Over 400 bugs have been resolved, addressing installation, cart/checkout problems, inventory management, payments, and APIs. This results in a smoother and more reliable experience for you and your customers.
Exploring other key features
Here are some key features in Magento 2.4.7 that can enhance your eCommerce business:
Swift Page Load Speeds
Magento 2.4.7 makes websites faster and smoother, even during busy times, for better navigation and a seamless browsing experience.
Enhanced Product Presentation
Now you can see product images in your order history, making shopping more visually appealing and potentially increasing engagement and purchases.
Payment Processing Refinements
The Braintree payment system has been improved to increase impulse purchases and boost customer conversion rates.
Magneto 2.4.7 Beta Platform upgrades for eCommerce store
Let’s explore the platform upgrades of Magento 2.4.7 to improve the e-store platform.
Compatibility with Composer version 2.5.x.
Magento now supports the latest version of Composer, a dependency management tool for PHP. It ensures seamless integration with Composer 2.5.x and allows for easier management of extensions and libraries.
The software works with Varnish cache version 7.3.
Varnish is a potent caching solution that enhances website performance by storing and serving cached versions of web pages. Adobe Commerce and Magento Open Source 2.4.7-beta version now support Varnish cache 7.3. This update enhances caching to speed up page loading and enhance user experience.
Compatible with RabbitMQ Version 3.11
RabbitMQ, a widely used message broker, facilitates communication between various components of an e-commerce system. This release is compatible with RabbitMQ 3.11, ensuring seamless integration and reliable messaging for improved system performance.
JavaScript Libraries Update
Magento 2.4.7-beta updated old JavaScript libraries for better compatibility, performance, and security. Users can now access the latest features and patches.
Why choose Magento 2.4.7 for B2B business?
Adobe Commerce and Magento Open Source 2.4.7-beta include enhancements tailored for B2B merchants, improving negotiation processes, workflow efficiency, and API coverage. Let’s explore why you chose this version for transforming your b2b business.
Vendor-provided quotations
B2B sales reps can now start quotes directly from the Quote and Customer grids in the Admin panel. This new feature makes creating quotes easier and speeds up negotiations between sellers and buyers.
Line-item deals
The update allows sellers to offer discounts in three ways. They can give a percentage off, a fixed value off, or extended pricing for specific items in a quote. This gives sellers more options for setting prices during negotiations with buyers.
Simplified quote notes exchanged
In B2B negotiations, buyers and sellers can add notes to a quote for better communication and transparency. These notes are then included in the line item and quote history, ensuring that all involved parties have a complete record of the negotiation process.
Enriched quote detail view
The Quote Detail view now offers a more comprehensive and intuitive interface. Sellers and buyers can easily add items using SKU or from the product catalog. They can also make notes, give discounts, and access product configuration from the quote detail page. These improvements streamline the quote management process for the B2B merchants to ensure a better user-friendly experience.
Ready to upgrade?
Upgrading to Magento 2.4.7 can bring numerous benefits to your eCommerce business. However, it’s essential to thoroughly assess its impact on your store and consider its compatibility with existing components. Get advice from a Magento expert for a smooth transition and to maximize the benefits of the update.
Let’s wrap up
Magento 2.4.7 is a major update for online businesses, improving the eCommerce experience. It gives you the tools to create a dynamic online store that meets customer needs. This update focuses on security, performance, payment processing, and efficiency. Contact a professional Magento service provider to learn more about the latest update. They can provide valuable advice on growing your online store and standing out.
