Install Envato Marketplace (installation instructions can be found on plugin’s url) plugin for auto updating plugins and themes purchased on Envato and CodeCanyon. There is also always manual way to do update – deactivate plugin, delete it and upload latest version via Add Plugin form in WordPress.
Having latest version of plugins and themes ensures compatibility with latest WordPress and WooCommerce also most recent versions are bug free (at least they should be!) and with all latest features we implemented.
