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it means you apid with using your checking account and not a debit or credit card. Keep in mind that also means your shipment will be delayed as the seller is not expected to ship until after your check clears which could take up to two weeks depending on your bank.
Actually it can mean any one of several things, the most common being the seller made a typo error in the listing when they entered the email address to which the paypal payment is to be sent.
If you paid via echeck you already know what ebay told you about that or at least would if you read what was on the screen.