What amount of money does ebay buyer protection cover you up to?

I heard that if you buy an item at £700 your not covered because i'm thinking of buying an iphone 5s and it will cost about £610 but my friend said you are only covered up to £500 is that right or are you covered for the whole cost of the item thanks it will be much appreciated

Better not to buy it on eBay there's hundred of scammers on eBay and they sell fake iPhones and sometimes don't send you anything and they get away with it so better to go to a shop or something and think about the postage it's not always safe

Ebay is profit centric and no longer seller centric. I used to do over $25 Million on ebay, and in end, ebay acted in manner which made sellers their "robots", enthusiasm from small sellers have left. Pioneering spirit is replaced by false security

Buy from local flee markets, or call and speak to sellers. Chose different.