And yet, it's pretty common to pay with cash at any brick and mortar store, where you have no electronic protection (like chargebacks) and not even any physical protection for the cash you carry around.
If I pay with cash at a store then I'm literally walking out with the goods. For services, I've already received the services before paying.
You're correct that there is no physical protection for the cash, but that is why most people do not carry lots of cash. Most store it in an insured bank account.
