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Best Transcription Companies That Pay Well – Womens World Club

Best Transcription Companies That Pay Well

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If there’s a work at home gig that catches a lot of attention from moms, college students and other people who want to work from home, it’s transcription.

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Visit a lot of these Facebook groups, and forums like Redditt and Quora and there will always be someone recommending transcription as a good side income source.

If you’re someone who loves learning new things, and have a good command of the English language and can type relatively fast, then transcription will be a gig that you will fall in love with.

The good thing is that there are plenty of transcription sites out there and I’ve reviewed a couple of them right here on my blog.

The challenge comes when you have already gotten some transcription experience and now want to get a better-paying transcription site, because truth be told, some of the companies out there can pay wayyy less than living wage.

So let’s take a look at transcription companies that pay well and by that, I mean companies that pay more than $10 per hour (and around $50 per audio minute and above.)

Let’s go!

3Play Media

This company is a darling of many WAH transcribers. They have an excellent customer service team and community.

This company, that has sports networks and entertainment companies as part of it’s arrayof clients, pays it’s transcribers between $10 to $30 per hour.

Except you won’t be called a transcriber but a transcript editor.

Their transcript editors basically edit documents that have already been machine transcribed.

Before you can become a transcript editor on 3Play Media, you’ll be required to take a series of tests to demonstrate your transcription skills and a good number of applicants have stated that the assessments are challening.

PS: You can only work for 3Play Media if you are based in the US.

3Play Media is among the best payers of transcription work in the industry, and one that has excellent reviews.

Pros

  • Pays well.
  • Excellent customer service team.

Cons

  • Jobs can be scarce at times.

Allegis Transcription

Since 1996, Allegis Transcription has been providing transcription services primarily to companies in the Insurance and legal industries.

They state on their site that they have a steady stream of orders, and from the many reviews that I have read online about the platform, this seems to be true.

Please note that you’ll be transcribing their files full-verbatim, which means that you’ll have to include uhs, uhms, stutters, false starts and the like.

There are three types of transcribers that Allegis is looking to currently hire: legal transcribers, experienced transcribers and entry-level transcribers.

All these positions have different requirements which you can see here.

The company does not state how much they pay their transcribers but my diligent research revealed that transcribers can expect to earn between $13 to $17 per hour, although they actually pay per page transcribed.

The company only hires US-based transcribers and please note that you must have a Windows-based PC and not a MAC.

Pros

  • You get to choose the files you want to work on rather than files being assigned to you.
  • Their training resources are excellent.
  • Work is abundant.

Cons

  • Audio quality sometimes isn’t so good.

Verbal Ink

Since 2003, companies like The New York Times, Mayo Clinic, UCLA, KMPG, and others have trusted Verbal Ink to take care of their transcription, translation and subtitling needs.

Verbal Ink aims to deliver high-quality transcripts to their clients and hence, all their transcriptionists are required to pass a thorough screening process.

They also run background checks on their would be transcribers to ensure that the person transcribing and handling their material is trustworthy.

To begin working for Verbal Ink, you will first need to send them your resume and cover letter via email, after which they will send you a transcription test.

Please note that they have a formidable style guide that you will be expected to follow.

Once you’re in, expect to earn around $0.85 per audio minute, which translates to about $50 per audio hour.

Unlike other transcription companies where you get to pick the files you want to work on, on Verbal Ink, files are assigned to you by Account Executives.

Simply let the Account Executives know how much work you want to do and it will be assigned accordingly.

Pros

  • Pay is better than most transcription companies at $50 per audio hour.
  • Account executives are happy to help with any queires you may have.

Cons

  • Work can be sporadic.
  • Work is assigned to you rather than you getting to pick what you want to transcribe.

Daily Transcription

Daily Transcription was founded in 2005 and offers a wide range of interesting transcription jobs to WAH transcribers.

On their site, they state that you need to be a highly motivated transcriber who can submit transcripts that are atleast 98% accurate.

You also need to have a strong mastery of the English language, be able to type at 50 wpm and have excellent listening skills.

Before you begin working for DT, you will need to pass an assessment test as well as transcribe an audio file. Please note that you must be based in the US or Canada.

Daily transcription pays between $0.75 to $1.10 per audio minute and payment is made every week via check. 

Pros

  • Easy hiring process.
  • Interesting files to transcribe.

Cons

  • Deadlines can be a little bit too tight.

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GMR Transcription

GMR Transcription was founded in 2004 and the company provides transcription and translation services.

They do not state how much they pay their transcribers but they do state that their transcriptionists/translators earn between $1,000 to $3,000 per month.

Typically, you will earn more when you transcribe difficult files or files that have tighter deadlines than usual. 

In terms of transcription tools, you will need to have a PC with high-speed internet, MS Office, headphones and a foot pedal as well.

They do not require any transcription experience from their applicants but you will need to pass a transcription test.

Please note that there is a probationary period for new transcribers and you will be required to transcribe 2 audio hours before you can start receiving PAID WORK.

They do this to ensure that your transcripts meet their high-quality standards.

However, rest assured that GMR transcription is legit.

The online reviews are very positive when it comes to the pay, many stating that GMR pays waaay better than other transcription companies. They also get a thumbs up for their excellent and responsive customer support.

It also appears that the site has plenty of work for its transcribers. They actually state on their site that transcriber should accept at least 4 hours worth of audio each month.

Speechpad

Speechpad is a popular transcription site that has fairly good reviews.

At the time of writing this blog post, they aren’t accepting any workers but they encourage would-be applicants to check in regularly.

Speechpad pays its transcribers starting at $0.25 per audio minute but the rates go all the way to $2.50 per audio minute.

In terms of tools, they aren’t too pickly. All you need is a computer, internet connection andheadphones.

Although you start by getting paid beginner rates, you will get paid more as you gain experience and receive good ratings from reviewers.

If you keep your accuracy high, you will then be able to qualify for the rush job qualification which pays more. There are also plenty of rush transcription jobs.

Pros

  • You get to pick the files you want to work on.
  • You can preview a clip of the audio before transcribing it.
  • They have a detailed but easy to follow style guide.
  • Should you return a file after accepting it, you will not be penalized for it.
  • If you get a bad review that you disagree with, you can email them and they can change it, if you make a good argument.
  • They can extend the deadline of a file if you email them.

Conclusion

Transcribing is an exciting and professional work from home job.

Truth be told, it needs you to be skilled and to have a certain tenacity that most people don’t have.

Not everyone has the patience to sit for hours, typing out audio that may be, on certain occassions, bad quality.

As such, you deserve to be paid well for the effort you put in.

If you want to try out another way of getting transcription clients, I recommend you check out this article on cold pitching.

All the best!

BEFORE you go, you need to know that you can top up your transcription income by signing up on these sites where you can get quick and easy money!

Vindale ResearchShare your unique opinion and get paid for it! Product Developers are willing to pay reviewers between $5 and $75 per completed survey.

Global Test MarketComplete online surveys and earn cash from GlobalTestMarket

Survey JunkieGet paid to complete surveys. Earn $1-$3 per survey. 

E-poll Surveys: Complete surveys that have to do with the entertainment industry and earn cold-hard cash!

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