Dear Ravikumar,
You are 100% correct
1)"eBay Buyer Protection" / "Paisapay Protection" / "Paisapay Customer Support" / "eBay Guarantee" ("If not satisfied with your purchase on eBay, we will replace or refund your entire amount (including shipping) within 20 days") / "Community Court" etc.,,,,, all are FARCE.
2)The only thing is COLLUDING 'eBay' with Fraud Sellers to sell their FAKE PRODUCTS and DECEIVING the Buyers. 'eBay' has lost credibility and became biggest cheating portal. I suggest all online buyers not to prefer online buying for the items costing more than Rs 500/-(By following this our loss can be limited to 500 and a lot of harassment can be avoided)