When choosing a transcription service, the first question that comes into minds; how much do professional transcriptionists charge for a complete transcript?
The standard rates for a professional, human transcriptionist in America ranges from 1.5 to 3 U.S. Dollars per audio minute (90-180 U.S.D per audio hour) depending on the audio quality, number of speakers and accents within the audio file to be transcribed. For Complex projects with highly challenging audio (background noise, inaudible sentences and more than one speaker of accent), these rates can steadily increase.
Of course, the rates are much lower for companies that use automatic speech recognition software and artificial intelligence tools for their transcripts or has a large team of non-native, human transcriptionists working in a professional work environment. Their rates ranges from 0.70 to 1 U.S. Dollar per audio minute.
Standard rates for a professional North American transcriptionist range from $1.50-3 USD per audio minute ($90-180 per audio hour) depending on audio quality and number of speakers. For projects with extra requirements or highly challenging audio, these rates can increase.
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Common pricing structures for Transcription
Audio transcription is billed in the following ways:
Per audio minute or audio hour.
The standard for general transcription is a fixed-price structure. As we mentioned above, professional rates run between $1.50 and $3 USD per audio minute. And online, automated and manual transcription, rates varies from 0.70-1$ per audio minute.
This pricing structure is typically used by medical transcription services, where a line is defined by 65characters including spaces.
The standard rates for medical transcripts are 7-14 cents per line.
Per typed page.
Per-page pricing is most common with document typing projects.
Per hour of the transcriptionist’s time.
The average hourly rate for transcribing interviews is $50 USD according to Writer’s Market. This type of pricing guarantees a minimum rate for typists irrespective of audio quality and thus, proves very beneficial for transcriptionists.
Transcribing from another text document rather than an audio file – also known as copy typing.
It is typically billed per typed page. However, it can be billed per word or per hour as well.
Typical costs for copy typing range from $4-15 USD per typed page, where 350 words is a standard page length.
Factors that affect transcription costs
Not all kinds of audio is easy to transcribe, some takes more time than others. Here are some of the main reasons why transcription companies charge a higher rate for audio files:
- Low audio quality; distorted, muffled, too quiet, a large number of speakers or speakers with accent, heavy background noises and several other factors that lowers the quality of audio files.
- Extra requirements from clients, such as; timestamps, true verbatim transcription or special formatting
- Rush turnaround times of 24 hours or less than that.
- Specialized types of transcription – such as medical, legal, academic, technical, and financial – may cost more than general transcription projects as they require research of the field and the availability of professional transcriptionists.
Comparison of rates per audio minute of transcription companies
They have an efficient team of human transcriptionists that work diligently to ascertain 99% accuracy. They also offering corrections so if you are not satisfied with your transcript, they will review and re-review it until you are satisfied with the end result.
They offer human transcripts starting from 0.70$ per minute of audio. They charge additional if the audio you have provided is poor quality and contains background noise or speakers with accents.
Rev provides a range of different transcription services. It offers video transcriptions, audio transcriptions, translations, captions and subtitles for all kinds of audio and video files.
Although, Rev is not known to be the fastest transcription providers, they offer accurate transcriptions at very reasonable rates. It provides a few hours of turnaround time for easy transcripts. The unique feature of Rev is that they have human transcribers that use automated speech recognition so that you get the best of both worlds.
Rev charges 1.25$ per minute for human transcripts and 0.25$ for automated transcripts with 80% quality guarantee.
Scribie also offers human and manual transcription services and provides transcripts for all kinds of budgets. Scribie gives 99% quality assurance with 36 hours turnaround time provided by human transcriptionists. They also are very keen on their quality, so if in case you are not satisfied with the completed transcript they have provided. You can get a free review and corrections with a quick turnaround time of one day.
Scribie charges 0.80$ per minute for manual transcription and 0.10$ per minute for automated transcription. They charge an additional 0.50$ per minute if the audio you have provided has background noise, if the audio is unclear or if the speaker has an accent.
Otter offers automated transcriptions to their users at very affordable rates. With Otter, you can transcribe audio instantly using and it’s a great service to use if you are looking to transcribe a live meeting or interview at the cheapest price. It uses powerful tools like the Ambient Voice Intelligence to ascertain their clients get the best transcripts for their files.
Rate: Otter offers two type of plans for individuals; the basic and the Pro plan. They offer 600 hours of free transcription for file duration of 40 minutes in their basic plan. For the Pro plan, they charge 8.99$ monthly and offers upto 6000 hours of transcription.
If you want to transcribe a file that has background noise, is low quality or many different speakers with accents, GoTranscript is what you should employ
GoTranscript provide transcripts at the affordable price of 0.86$ per minute of audio for every 5 days delivery project.
GMC transcription is another site that offers human and automated transcripts. They offer services of video transcriptions and Spanish transcription as well. They convert paper documents into electronic documents. Although their transcription quality is very high with zero to no error rate, they have much slower turnaround times.
GMR Transcription charges $1.25 per minute of audio but the rates increase based on the number of speakers, audio quality, and specified turnaround time.
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