Once the transaction has reached 60 days after the purchase you have no payment and refund protection.
I have just experiance this for an item coming from Hong Kong, they promised a refund if I didn't get it but to bear with them as it was probably post/customs. As soon as the 60 days ended they said ebay couldn't now refund.
PLEASE WATCH OUT FOR
DO NOT BUY FROM THEM
I can't even leave negative feedback now either.