From the eBay FAQs about the authentication process:
What if the item does not pass inspection?
If the authenticator cannot verify the item’s authenticity or if the item is not consistent with its listing, you will be issued a full refund to your original payment method. For PSA-graded cards specifically, if a plastic sealed holder is found to be fake or exhibit signs of tampering, PSA will deactivate its certificate and issue a notice to the seller.
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