Yearly vs. Monthly subscription

I have a question about the Yearly Pro payment- It reads “you can cancel any time” but then on the FAQ page it reads “we do not offer refunds for cancellations”.
So what happens when I cancel my yearly-paid subscription?

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I assume you just don’t get your money back, otherwise what’s the point of giving a discount for the yearly plan for adalo. I might be wrong tho.

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