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Send out enough of these emails and eventually someone falls for it.
This despite the fact that I said local only/cash only in the ad.
The money is deducted from your account and you are out the extra that you paid to the "shipping agent".
This scam relies on the fact that banks will "clear" funds into your account before they are actually processed.
And, Paypal doesn't really give a cr*p, because they got their cut of the transaction, so good luck interesting them in helping you.
At this point, for high-value items, I really doubt that ebay is at all useful (for honest sellers). Each time it took more than a week to void the auction and move on. Then they can't bid on your stuff, ever again with the same name unless you remove them from the list.