User Verification ensures that users provide accurate information. New users will have to provide a valid email address, otherwise they won't be able to list/sell or buy items.
Plus there verification fee that can be credited, at a later date, to the user's account.

Mandatory for Selling

Sellers must be verified before being allowed to list/sell items.

Mandatory for Buying

Buyers must be verified in order to bid or purchase listed items.

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Verification Fee

There is a one time verification fee of 

Refund Verification Fee

The verification fee will be credited to the user's account after payment.

Setup

Complete the steps described in the Registration page and click the verification link sent to your email address.

Important: If you login before verifying the email address you will see the following message:

How to Get Verified How you Log-In
Click on My Account link located in the headed of any page.  Once you are logged in, click on My Account again and Chose, Dashboard, this will take you to your user account dashboard when you can control everything you do on our website.

The User Verification screen will display the Current Status (verified or not verified) together with a list of verification benefits. Scroll to the Get Verified button:

Next, pay the Verification Fee using one of the payment gateways provided displayed after you click the Get Verified Button form your user dashboard.

The final screen will display a payment Verification confirmation message and status:

Users can check their status in the User Verification section (Home -> Members Area -> My Account -> User Verification):