1. I don't really know. Go to the place Sandy described and see if it's there. If it is, and they still want something else, then I suppose it isn't considered one. If it isn't, enter it, and see if they take it. BTW, Hades would freeze over before I gave eBay or PayPal any Debit card information... I use a credit card for this because my liability is much less if when they get my personal information stolen.
2. No, it's not new, I think it's been around a year or two... since whenever eBay rolled-out eBay Buyer Protection. But they are notorious for being slow in "getting around to it" with things. Also, you may have had it, and the expire date may have rolled around. In that case, you'd just have to go and enter in the new expiration date and you'd be good to go.
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