As simply and transparently as possible. If you decide to cancel during the first 7 days of your subscription then you will get a full refund, no questions asked.
This applies to all services. The only case where a refund is not possible is if you make a custom order that includes extra licenses such as SQL Web Edition (or any other SQL edition except Express) or SharePoint Standard for example. In that case you will get a full refund for the cost of your chosen plan but not for the extra licensing costs involved.
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