Have no idea why your INR was settled in buyers favour.   But as stated, it has nothing to do with managed payments.

The  INR  policy  is separate to managed payments and applies to all transactions, even where the seller is not on managed payments.

Just wondering if the buyer actually lodged the INR with paypal,  Under managed payments in that scenario ebay would deal with paypal on your behalf, as you are not party to the paypal transaction.

@cft207 - if this doesn't get resolved back in your favour, you can write to the buyer and tell them that now that they have the item, you are requiring that payment be made, failing which you will explore other options, such as small claims court, or debt collection.

That’s a really good question.  As sellers, there is nothing that identifies how a buyer actually paid if you’re with Managed Payments.

Thank you.

Hello, thanks for the concise information.

I have had the moneys returned to me , but only AFTER multiple chats with support, phone calls and various transfers.

The item sold near same time of other items with similar item values which has made this a real pain to reference given the amounts managed payments drew from the original amount to cover other sales, fees, that they also drew from linked bank account to cover the refund, and then the managed payments to my linked account of similar, but not same, amounts.

Just a complete waste of time, and a deterrent to posting items for sale in fear this could happen again.
Having said that I am now prepared to face very similar issue. On alternate selling account I have  a new account hold on near $600 of single payment for item being couriered to remote destination. Hold will be in effect until item delivered. If all the same rules apply then it is very likely I'll be going down the same path given normal delivery time let alone if delays due to current circumstances.

It seems that the most streamlined and efficient process that eBay cares to allocate time to is the initial billing of members.