&quot;with the assumption that either PayPal will underwrite the loss&quot;<p>No. He called and spoke to both eBay (who said they would not) and to PayPal and they assured him they would underwrite it. Per his article:<p>&quot;The very helpful gentleman I spoke to informed me that ever since the eBay&#x2F;Paypal split recently, <i>domains are actually covered by their buyer protection now!</i>&quot; (Emphasis in the original)