Etsy operates two-sided online marketplaces connecting millions of independent creative entrepreneurs with global buyers seeking unique and distinctive goods. The company's primary platform, Etsy marketplace, specializes in handcrafted, vintage, and personalized items, while Depop operates as a fashion resale marketplace targeting younger consumers. Etsy generates revenue through an asset-light model by charging sellers transaction fees, payment processing fees, listing fees, and optional services such as on-site advertising and shipping tools, allowing the company to monetize without owning inventory while supporting both solo hobbyists and professional merchants on its platforms.