[Used] 7% off Used/Preloved Eligible Items (Min Spend $30, Max Discount $300) @ eBay

Spotted this on a listing for a used item. I have only spotted this on a couple of listings of used iPads from private sellers, so I have no idea how eBay determines an item to be eligible in this case.

Key terms and conditions:

Offer Period. This offer commences at 10:00am (AEST) on 3rd June 2021 and will run for a limited time only, for as long as it is advertised on ebay.com.au ("Offer Period").

Conditions. The offer entitles you to 7% off the purchase price (excluding postage costs) on Eligible items listed on www.ebay.com.au when you spend $30 or more (excluding postage costs) in one transaction during the Offer Period, up to a maximum discount of $300 per transaction. Multiple items may be purchased in 5 transactions (up to a maximum of 10 items per transaction).

"Eligible Items" means all items listed on eBay.com.au where the coupon redemption code PRELOVEDEOFY is displayed in the item listing.

Redemption. To redeem this offer during the Offer Period, enter the redemption code PRELOVEDEOFY into the redemption code box during the checkout process. This code cannot be used in conjunction with any other eBay offer, coupon or voucher. You can only use the redemption code 5 times during the Offer Period. The code is provided to you as an eBay User and the limitations on its usage apply on that basis even though you may have registered a number of different eBay User IDs.