Careful - it looks like no protection. Italics mine:
> 13.2 What are the eligibility requirements for PayPal Buyer Protection? You must meet all of these requirements:
Use PayPal to purchase an eligible item
Pay for the full amount of the item with one payment. Items purchased with multiple payments – like a deposit followed by a final payment – are not eligible
Open a dispute within 45 days of the date you sent the payment – then follow the online dispute resolution process described below under Dispute Resolution
Keep your PayPal account in good standing