Yep, sounds like it would be useful for this case.
Not sure why people are down voting my answer. The other person posted "Chargeback?" - note the question mark. So I took that as if they were asking what a chargeback is, and was trying to explain it as simplified as possible.
You shouldn't be downvoted, but I do believe you misread the intent. Avenger42 was responding to a post which did not mention "chargeback", so it wouldn't make much sense to interpret it as, "What is a chargeback?". Rather, "Why don't you use a chargeback?" would seem to be a better interpretation.