ebay and perhaps we might have mislead you a little there.  

You can't actually see the 250,000 listings.

What happens is you don't get charged for listings anymore once you have Managed Payments;   and your counter remains "stuck" on whatever your original listing limit was, it never changes.

For example, my counter says I have 1500 free listings (because i have paid for a feature store)  but it never moves from there, no matter how much I list.

If you add a new listing, and it still says 40, you will know what I mean.

And everybody definitely gets free listings - it says so in the Managed Payments site.