Blog chevron right Transcription

Transcription Pricing and Rates

Michael Gallagher
Michael Gallagher
Posted in Zoom May 4 · 4 May, 2020
Transcription Pricing and Rates

So, you’ve decided that you want to get your audio files transcribed. Maybe you have a fast-speaking professor in college and need the text from your lecture to study. Perhaps you need to remember who said what in a meeting to put together a report. Maybe you just have a lot of people calling and leaving voicemails, and you need to have a clean record of what people said to keep things straight. Whatever the case may be, you’ve come to the right place to get your audio transcribed.

How Much Does Transcription Cost?

The transcription costs per hour for GoTranscript vary depending on what type of transcription service you need, and an assortment of various factors of your situation. Check the example quote to see what factors can change your transcription costs rate per minute. Here is an example of a quote to give you an idea for the transcription rates for GoTranscript:

Let’s break down the quote into small parts. For the sake of this article, let’s say you’re an assistant or consultant for a larger firm, and you need to put together a report using information from the last meeting. Here are the key characteristics that will affect how much your transcription will cost:

  • Recording length

A recording length of one and a half hours is more or less typical for a substantial meeting at a firm. People may talk about strategy, future vision, and steps the company will be taking to improve its position.

  • Text format

Here’s some jargon that might not be clear at first glance - “clean verbatim” and “full verbatim.” Clean verbatim means that the transcriptionist will be taking out any unnecessary “ums” or “uhhs” in the recording. This option is selected in the example quote because these kinds of meetings are sure to be chock full of filler talk. Full verbatim means that the transcriptionist will include every single word, false start, and stutter spoken in the recording. This would be useful if you need to keep a pure record of conversations but is likely not necessary for a company meeting.

  • Turnaround time

How fast do you need the work to be done? The one-day turnaround time is used in the example, since a report may be time-sensitive. A faster option of 6-12 hours is also available for the most time-sensitive projects, but it comes at a cost.

  • Number of speakers

There are very likely to be more than three speakers in the meeting.

  • Low-quality audio or heavy accent

The example quoted is based on a company meeting in a normal English-speaking country with decent recording equipment. Even a standard iPhone or laptop should be able to record audio with satisfactory quality. 

  • Caption services

Use this service if you are transcribing a video and would like GoTranscript to create captions for it. Since the example is of a meeting with no video, this service is not necessary.

  • Timestamping

Timestamping is a way to track the progression of the video. You can choose time stamps that are placed continuously after a certain amount of time, or on every speaker change. Using timestamps in your transcript makes it easier to navigate through the content without going back and forth in search of specific parts of the conversation.

  • Language

Last but not least, you can choose the language of the audio to be transcribed. English is the language in our example, but GoTranscript offers its services in 54 languages.

Final Thoughts

In the end, the cost of transcription services for this example is $162 or a transcription hourly rate of $108 (and a transcription rate per minute of $1.80). These transcription prices are for this specific example, and the price for your services will largely depend on how fast you need the work done. Transcription rates per hour also vary greatly depending on the service you choose.

Whatever the reason may be to transcribe your audio files, GoTranscript offers 99% accuracy, fast turnaround times, and competitive pricing. With 15 years of experience and numerous satisfied clients, including titans like BBC and Netflix, you can rest assured you’re getting a service that’s second to none!