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LetsEncrypt is legit. A downside is that the certs expire after 90 days. However, that also carries an upside in that it limits the damage in case a certificate is compromised. There are procedures by which you can automatically renew/request (I forget whether they allow renewing an existing cert or require a brand new one) LE certs and apply them to your application, but that can be fiddly to configure.
If you're not comfortable with configuring automatic certificate cycling, a long-term paid cert would be more appropriate.
It makes sense that they issue short certificates, though. The sole verification is that you own the domain. If you sell/let the domain lapse and someone else takes it over, there's only a limited time you would hold a valid certificate for it.
I didn't say it isn't legit nor I distrust automation, but I would like to see anyone operating an online shop paid for a cert to show they are honest and won't diappear in thin air not delivering. Am I going to get back what I paid, properly not, but a basic DV cert isn't expensive either for a business.
LetsEncrypt certs are DV certs. That a put a TXT record for LetsEncrypt vs a TXT record for a paid DigiCert makes no difference whatsoever.
I just checked and Shopify uses a LetsEncrypt cert, so that's a big one that uses the plebian certs.
The difference between $0 and $50 isn't really relevant.
Then I don't see any problem for them just put down $50 more.
Bad actors can afford $50 the same as good ones.
Would you accept a certificate issued by AWS (Amazon)? Or GCP (Google)? Or azure (Microsoft)? Do you visit websites behind cloudflare with CF issued certs? Because all 4 of those certificates are free. There is no identity validation for signing up for any of them really past having access to some payment form (and I don't even think all of them do even that). And you could argue between those 4 companies it's about 80-90% of the traffic on the internet these days.
Paid vs free is not a reliable comparison for trust. If anything, non-automated processes where a random engineer just gets the new cert and then hopefully remembers to delete it has a number of risk factors that doesn't exist with LE (or other ACME supporting providers).