eBay new user agreement and terms (Sep 2013) refunds without items

This was bought to me attention yesterday and even for eBay this is a new low surely, the latest terms and conditions for September 2013, the main problem is highlighted :

“As a seller – where you choose not to engage with the eBay Buyer Protection process on an item not as described case we may seek to carry out a reimbursement from you without requiring a return by the buyer.”

 So what do we gather from this? win or lose the dispute eBay are going to be making YOU pay regardless without the buyer sending the item back, is this legal I would think not, I also heard of PayPal charging fees on sellers who got charge backs from stroppy buyers I guess that makes there seller protection and charge back insurance worth about as much as the pixels its made off…