Does pricing your product too low hurt trust more than it helps sales?

When we launched, we priced our entry tier at $9/month to make it an easy decision for anyone. But we noticed potential buyers kept asking hyper skeptical questions about security reliability and support . As an experiment we bumped the starting to $29/month with zero product changes, and closing conversations actually became smoother.

Have you ever found that raising your prices changed the quality or confidence of your buyers?