Palmstreet Official
Verified Buyer status is designed to foster trust, accountability, and a seamless shopping experience on Palmstreet. Verification ensures that all participants are prepared to engage responsibly and complete transactions reliably. By verifying a valid payment method, buyers gain access to bidding in auctions—while helping maintain a safe and transparent environment for the entire community.
A Verified Buyer is an account that has successfully completed payment method verification. The process is typically completed within moments. Verified status:
Palmstreet’s auctions operate in real time and involve high-engagement transactions. To preserve the quality of the experience and reduce the risk of fraudulent or non-serious bids, payment verification is required. Verified Buyer status demonstrates readiness to transact and supports a trustworthy ecosystem for the entire community.
To complete buyer verification, a temporary authorization hold of $10 is placed on the selected payment method. This amount is not an actual charge and is used solely to confirm payment validity.
If no suspicious or abusive bidding activity is detected, the pre-authorization will be released automatically. The exact timing of the release may vary based on the policies of the issuing financial institution.
Buyer verification is a quick and secure step required to participate in auction-based commerce on Palmstreet. Completing this process activates bidding access and reinforces a safe, more reliable shopping environment for all participants.
