It sux when you think you've snagged yourself a bargain, only to be told they want to welch on the deal, doesn't it?
You can file a non-performing seller complaint with Ebay/Paypal after offering the money via Paypal and they don't accept the payment.
It's a while since I was last in your position but I remember leaving a seller negative feedback without the transaction really taking place (I attempted payment but they didn't accept it) I don't know if you'll still be able to neg them, in this instance.
I filed a seller non-performance complaint but didn't hear anymore about it tbh. Internet acquaintances who've been the bad guy in similar situations say you get a strike against your name each time a complaint is filed, which might lead to their account being closed or suspended so make sure you file a complaint and leave them some negative feedback, if you can, to warn other ebayers and deter the seller from doing it again.
Other than that, if the seller isn't happy with the price and refuses the payment there's nothing you can do really, other than threaten him with the above and hope they honour the deal to protect their feedback and seller privileges.
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