Maybe it will do it, maybe it won’t. I went ahead and purchased the plan 4 hours ago, but it’s essentially a blank page. What it did not to was take the site that was there and remove the banner. After you do it THEN they say “Oh it could take 2 – 3 days before you have your site back“. So you wait the 2 – 3 days for them to transfer your blog to the new domain, and it doesn’t happen, but it did cost you the refund window.