The verified icon indicates that the identity of a seller has been confirmed, by the seller paying a fee of $5.00. Ebay believes that this gives the buyer an extra measure of security and adds money to the confers of Ebay.
To Id verify a seller must go through a third party (Equifax in the U.S.) company that works closely with Ebay to cross-check the seller'seller's contact information across consumer and business databases.
To learn more about this go to this page:
pages.ebay.com/help/confidence/identity-idverify.html
When you show proof of your true (?) identity you do not need to put your credit card on file.
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