Ebay is pretty inconsistent but usually supports the buyer in cases like this. Since they endorse JSA and PSA/DNA as autograph authenticators, they would likely side with you as long as you have an original failure letter.
Have you contacted Ebay with your concerns about the autograph and the fact that the seller stated it was authentic. He obviously misrepresented the item and they might refund based on that. They can easily have a 3rd party look at the autograph and deem it a forgery from the scan.
Hate to see you get taken in this scenario but obviously $300 for an authentic Mays '72 Topps autograph would have been a huge bargain so the saying "buyer beware" certainly applies.
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