Online peer-to-peer markets decentralize distribution of resources, creating a trust problem in economic exchange on the internet. Individual characteristics of trustees, as determinants for being trusted, are thus getting increasingly important. In light of this societal development, this study is concerned with socioeconomic status and reputation as part of the explanans for interpersonal trust. Some have argued that lower status trustees are trusted more easily because of their repeated reliance on resources in their social network. Others state that higher status trustees are trusted more easily, for they are more vulnerable to social control and loss of reputation.We propose a novel, quasi-experimental method for examining interpersonal trust situations mimicking the reality of peer-to-peer market platforms. 626 respondents were asked to place trust in their preferable trustee based on the asking price, and seller's characteristics. Conditional logistic regression models were estimated and showed that status increases perceived trustworthiness, and positively affects the trust premium for past trustworthy behavior. Strong reputation effects were found, sending out a warning for inequitable emergent hierarchies through reputation cascading.