He isn't complaining about the chargeback policy. He's complaining that paypal double dips on the currency conversion, even if the money never reaches his bank

He isn't complaining about the chargeback policy. He's complaining that paypal double dips on the currency conversion, even if the money never reaches his bank account. Paypal could just send the USD directly to his bank, and the bank would convert the currency before crediting his account, so it is an unnecessary burden and loss of money for him.