Yes, buyers will still be covered for Grailed purchases under PayPal’s new Buyer Protection Policy change affecting resale goods.
PayPal has confirmed that this new policy update doesn't affect buyers purchasing from Grailed. You are still covered regardless of who you're buying from.
Every PayPal transaction on Grailed is covered by PayPal Purchase Protection. If PayPal cannot resolve your claim, our support team will take over. No dispute goes unresolved.