From post 5 - This contravenes eBay policy "Can't be held accountable for lost post."
Selling Practices
Postage & Handling time
What not to do | You should not: Hold postage if PayPal places a temporary hold on payments you receive for an item you sold. Note: Holding postage may affect your detailed seller ratings and buyer satisfaction, which increases the chances of future PayPal payments being held. Say that you're not responsible for item delivery, or for ensuring that the item is delivered. For example, these statements aren't allowed: 'I'm not responsible for the item once it's been dropped in the mail' 'I'm not responsible for items lost in the post' 'Without insurance, I can't be responsible for items lost in the post'
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http://pages.ebay.com.au/help/policies/selling-practices.html