A method for managing a consent receipt under an electronic transaction, comprising: receiving a request to initiate a transaction between the entity and the data subject; providing a privacy policy associated with the entity and based at least in part on the request to initiate the transaction between the entity and the data subject; accessing the privacy policy associated with the entity; storing one or more provisions of the privacy policy associated with the entity; providing a user interface for consenting to the privacy policy associated with the entity; receiving a selection to consent to the privacy policy associated with the entity and based at least in part on the request to initiate the transaction between the entity and the data subject; generating, by a third-party consent receipt management system, a consent receipt to the data subject; and storing the generated consent receipt.