Paypal Secure?

[jpwannabe]

This member from Jemsite, is giving me an offer for a 2:90 for 650.
He says its in mint, is it too good to be true? Well, actually its his friend's, he will show me some photos later. His friend says he dosen't want to do it on ebay cause it will cost him listing fees but he is willing to do it through paypal. (how much exactly is the listing fee, I don't even think its that much is it? I've listed stuff for just a few dollars) Here is my question, what protection as a buyer do I get if I just send funds through paypal with out an ebay auction.
Thanks, please help me out here!

[VENOMOUS]

Whats a 2:90?

[EKG]

2:90 - Mesa Power Amp?

I think there is some sort of insurance on paypal. What it's for, I don't know. I have to read up on it. Ebay listing fees then selling fees then paypal fees, it all adds up.....that I DO know ;-)