I'm pretty sure they do refund the money to the advertisers. See the story here: http://www.webupon.com/Money-Making/Google-Adsense-Not-Worth-the-Time-Not-Worth

I'm pretty sure they do refund the money to the advertisers. See the story here: http://www.webupon.com/Money-Making/Google-Adsense-Not-Worth-the-Time-Not-Worth-the-Effort.380377/1 http://www.webupon.com/Money-Making/Google-Adsense-Not-Worth... "And the worst part about this all is that it states in the AdSense Terms of Service (TOS) that Google has the right to suspend any account without prior notification or explanation, and refund all of the earnings in that account to the respective advertisers."