Buyer wants refund by bank transfer

I recently sold a guitar to a chap who wasn't happy with condition and we arranged a return & refund through eBay.

The parcel is back with me so I have added funds to paypal which is saying 5-7 days to be in. The buyer is not happy and wants a refund by bank transfer. I’m not happy to do this as eBay says it will automatically send the refund so I risk sending it twice. Is he trying to scam me?

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You must refund the same way the buyer paid otherwise you risk refunding twice.