paypal used to fully cover your loss, now it only covers what it can recover from the account of the person who ripped you off. I actually got screwed by a fake belgian guy (maybe the same person, although their name in the account was "phillipe henrioul" or something like that). Ebay with 0 feedback, etc. I thought I was safe because I convinced them to use paypal. I didn't know that they had just changed their policy. I did somehow get $20 of the $60 back, though, as they still had that in their account.