Incorrect.
( have PayPal Seller Protection )
Resolve chargebacks easily.
We noticed you recently had a chargeback occur on a sale. Chargebacks are initiated when your customer contacts their credit card issuer to reverse a payment. While they can be frustrating to resolve when unwarranted, we’ve got the tools and expertise to help.
PayPal Seller Protection will also protect you against losses from chargebacks on eligible payments.
https://www.paypal.com/en/webapps/mpp/merchant