Sure, but it's a different sort of protection, and although it's better in some ways (if you do things right, you can often get your money back for an existing transaction), it doesn't necessarily offer the same peace of mind as the more fundamental protection offered by a "push-only" system (bank transfers) compared to a "pull" system (credit cards).

In particular, a common worry with credit cards is that if you use them often for small transactions, your info will eventually fall into the wrong hands and then all bets are off.

In terms of peace-of-mind, there's a lot to be said for a system where payments are purely user-initiated...

[Presumably some variants on credit-cards can increase the security, e.g. generating a temporary card number when your bank offers such a feature, but these may lose some of the convenience advantages that are credit-cards' main selling point...]