iPhone 12 MagSafe charging question

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I have an iPhone 12 and a MagSafe wireless thingie, works OK. I do understand there are cheaper options out there, so I was looking for a second unit. I came across this

https://www.amazon.com/dp/B07THHQMHM/

it does work with iPhone SE 2020, but "Not Compatible with MagSafe Magnetic Charging"

So does it work with iPhone 12? does Apple have multiple wireless charing standards? I am so confused.