The fees are much lower, though.

Accordingly, you also don't get benefits like extended warranty, insurance, and price protection.

The banks say you're protected against fraud, but in reality they just tell you to pound sand if you make a claim. Their policy is literally "Your PIN was used and they got it right the first try. Therefore it was you." No, dipshit, it's called skimming/cameras/etc. Or maybe they drugged you up and beat the PIN out of you, who knows.

Whereas the CC networks usually have no problem doing chargebacks, because it's no skin off their back -- they even get to charge the merchant a fee each time, plus they'll jack up the transaction fee after too many strikes.