Actually Bitcoin has its "chargeback" which is the confirmation.
A newbie might not realize every TX requires that, and the wait times are longer if the amounts are larger.
Where did you get that idea from?
There are no chargebacks in
BTC, if you accept zero-confirmation transactions it's like you're accepting a promise someone will mail you 100 $. When do you send him the merchandise, when he tells you he I sending the money or when you have
confirmation that you received it?
With PayPal, you can get a chargeback even weeks after you have received the money and already spend it, their system has a habit of creating ridiculous situations, nothing like this is possible with
BTCPayPal users now you would appreciate the immutability of bitcoin (that means no chargeback at all) a lot specially if you were a merchant.
As always, two sides of the story.
Merchants hate chargebacks, customers love them.
Just like the 15 days no question return and refund policy for online purchases in the EU, merchants hate it as there are thousands of gaming it, buying smartphones, laptops for a week, and then returning them, or in some cases even clothes for a weekend. I have a friend who lives right in front of the superstore where he usually shops, he always buys online instead of picking them from across the street so he could return them in 14 days.