Maybe I am just too young to understand PayPal’s history and place in the payments world, but it seems like it’s really a nightmare payment platform with only o

Maybe I am just too young to understand PayPal’s history and place in the payments world, but it seems like it’s really a nightmare payment platform with only one major benefit: it’s very friendly to issuing chargebacks to purchasers. With that in mind, it doesn’t even make sense to me why payment receivers accept it, because there would be huge adverse selection in who uses PayPal - if the only value add is that it makes it really easy to chargeback, your customers using it are probably much more likely to chargeback. Of course chargebacks can be justified, but they can also be used to steal things. In the old school internet where everybody was afraid of handing over credit card details it might have made sense to use PayPal - maybe it still does in countries with low CC adoption - but it doesn’t seem to be generally useful outside of that context, except for chargebacks. And then on top of the chargebacks you get all the jank inherent in a really old legacy product working in a regulated space, that is also integrated with tons of other payment platforms owned by the same company, which likely share a lot of policies/code in a way that creates tons of bugs and edge cases.