I know nothing about programming so a recent email from 1and1.co.uk magento hosting has me a bit confused.
I am currently running Magento ver. 220.127.116.11 on 1and1.co.uk hosting. Today i received the following email from 1and1.co.uk regarding PHP:
You are currently using PHP 5.4 which is an outdated PHP version. Since mid-September 2015, PHP 5.4 has not had any further development by the community.
Due to customer demand, we have continued to offer PHP 5.4 and want to ensure that you continue a secure and stable operation for your website. In order to do so, we have automatically transferred you to 1&1 Extended Support for PHP 5.4. With 1&1 Extended Support, you gain the benefit of ongoing security updates to keep your website protected, so you can continue to focus on your online content and presentation.
As a support service, 1&1 Extended Support for PHP 5.4 gives you time to plan the conversion to a more recent PHP version and implement it without pressure.
We are happy to provide this service. However, regular security inspections, adjustments and operation of these old versions of PHP are associated with rising costs, which has made it necessary for us to charge £5.31 per month for this service as of May 2016. We will send another reminder regarding this extra charge prior to the invoice.
If you no longer wish to use PHP 5.4, you can update your default PHP version in the 1&1 Control Panel at any time. All current PHP versions including the latest version, PHP 7, are free of charge.
My question is, is it OK for me to update my current PHP version to the latest version which is PHP 7, or will this affect magento?
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