It doesn't work for me and I do have a premier account and I use PayPal very actively.
The code worked when asked to "place your code" here on the eBay checkout. The discount looked very promising, as I could do with the savings, but as soon as I typed and logged into my PayPal, to proceed, eBay then tells me that the code does not work with my PayPal account.
So yeah, good luck to others and thanks to Spreefan for sharing with us your discount coupon.
henkita217