Transaction: Etsy
Etsy is an online E-commerce site. Businesses can sell their pieces online and consumers buy them online. They have a craft fair vibe and the items sold are usually hand made or vintage. Etsy was founded in 2005 and since then has sold a total amount of sales of $3.93 billion dollars. Etsy generates revenue by charging $0.20 per selling item and keeps 5% of each final sale. Etsy also makes money from shipping labels, and other promoted listings and ads.