How does downgrading work?

Your current plan will stay exactly as it is until its finishing date. Then, once it expires, your new downgraded plan will go live at a discounted rate. You will be charged for a subscription of a lower level no sooner than your current plan expires. 

Note that only Premium and Plus users can set a downgrade. 

Changed your mind about downgrading? No worries, you still can extend or upgrade your current plan using this Black Friday offer while the sale is still on.