...If you find that you don't want to wait it is perfectly reasonable for you to make a claim to eBay and relist the item. I accept all responsibility for this and it is your right to not have to wait for me.
If he had just said "I've got to put money into PayPal, Please give me a day or 2" I'd believe him. It looks like he's hoping you will relist. I do wish people would just say they don't want the item. The eBay process can take ages for non paying bidders.