The increased popularity of peer-to-peer markets decentralizes distribution of resources, a process that can prove to be economically efficient. Yet, this also increases uncertainty about transactions, and therewith the size of the trust problem. Individual characteristics thus become more important in determining who obtains trust as a type of social capital. In light of this societal development, this study is concerned with socioeconomic status as part of the explanans for interpersonal trust. It is generally believed that higher status trustees are trusted more easily, for they are more vulnerable to social control and loss of reputation. Others argue that people with lower social status often have to rely on each other and are therefore socialized into acting trustworthy.We propose a novel method for examining interpersonal trust situation: a vignette experiment mimicking the reality of peer-to-peer market platforms. 626 respondents, recruited through Amazon’s Mechanical Turk, 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 we found that status increases perceived trustworthiness, and positively affects the trust premium for past trustworthy behavior. Strong reputation effects were found, sending out a warning of reputation cascading based on the cumulative advantage literature.