The demand for transcription services is steadily increasing as more companies and individuals discover the immense benefits of converting audiovisual content into text. As a result, transcription service providers are stepping up to meet this demand.

TOP 10 Best Transcription Service Providers
TOP 10 Best Transcription Service Providers Pixabay

A simple Google search will bring you dozens of transcription websites, each promising the best service. However, choosing the best one for your needs may be overwhelming. If you're trying to narrow down the search, here are the ten most reliable transcription service providers.

Transcription Service Providers – 10 of the Best

What do you consider when you're sourcing for a transcriber? First, you want to look at factors such as cost, accuracy, and turnaround time. Here's a snapshot of what that looks like for the ten leading transcription companies.

1. GoTranscript

This company offers 100% human-generated transcription services. They promise a 99% accuracy rate with quick turnaround times and no hidden fees. The prices start from $0.84 per audio minute with a turnaround of 5 days.

The rates go up proportionally if you want faster project completion or need enterprise-level attention for a more complex project. You can even pick the 'rush' option for expedited work, where you receive the finished product within hours for $2.34 per audio minute.

GoTranscript is well suited for intricate projects as well. They accommodate multiple languages, various speakers, background noise, and other factors that may impact the quality of your audio. In addition, the company has a diverse pool of seasoned professionals specializing in different fields and industries.

2. Rev

For those seeking the flexibility to pick between automated and human transcription, Rev is the way to go. Their rates start at $0.25 and $1.50 per minute, respectively. If you go for the automated option, you can expect your transcript in a few minutes, with a promised accuracy rate of 90%. On the other hand, the human-generated versions could take up to 12 hours and achieve a 99% accuracy rate.

For bulk projects with more than 100 audio hours, this platform has a Rev for Business feature. This option offers project management services and bills at a discounted rate.

3. TranscriptionPanda

This company offers an exclusive human-generated service, promising an accuracy rate of between 90 to 100%. Their prices range from $0.79 to $0.95 and promise a turnaround time of 1 to 5 days.

With TranscriptionPanda, you can choose between a rough draft or the edited option. The rough draft is a basic Word document that excludes details like speaker identification and timestamps. This alternative can suffice if your aim is only to capture the general message in the audio. However, you can opt for a human-generated final draft if you want to include all the details.

A rush order with 24 hours or less turnaround time with TranscriptionPanda will cost you $2.40 per audio minute. Additional charges also apply for more demanding projects, including those with poor audio.

4. TranscribeMe

This service employs both human transcribers and digital speech recognition technology. The machine-generated option is pretty affordable, at only $0.07 per minute. The turnaround time here is similar to the duration of the audio. For example, a 30-minute audio will take 30 minutes to transcribe. This option is rather basic and does not differentiate the speakers or include timestamps.

The human option, however, starts at $2 per audio minute, promising a 98% accuracy rate and a turnaround time of up to 5 days. In addition, you can download the final transcript in various formats, including PDF, Ms Word, HTML, and TXT.

5. GMR Transcription

If your project requires US-based transcribers, GMR may be your best choice. Their exclusively human-generated services will cost you from $1.25 to 4.50 per minute and guarantee 99% accuracy. Additionally, the turnaround time with GMR is anywhere from a few hours to 1 month, depending on the project's complexity.

According to GMR Transcription's official websites, their list of clients includes top enterprises, such as CNBC, Microsoft, McDonald's, Amazon, and Harvard University.

6. Scribie

This company offers both manual and automated transcription services at a rate of $0.80 and $0.10 per minute, respectively. They also provide an option that combines the two, meaning transcripts are generated with AI tools and then edited manually.

Scribie has a 99% precision guarantee for their human-generated transcripts, while those generated digitally are 80% to 95% accurate. Timewise, this platform produces manual transcripts within 24 hours, while digital ones take as little as 30 minutes.

7. Otter.ai

Otter is an automated real-time transcriber primarily used to take notes in meetings. It is compatible with platforms like Google Meet, Zoom, and Microsoft Teams — where it transcribes the meetings as they take place or shortly after. Additionally, if you're unavailable for a meeting, you can 'send' Otter to take notes for you.

The app's services come in 3 packages: Basic Plan, Pro Plan, and Business Plan. The firs option is free and allows a maximum of 300 audio minutes monthly. The Pro and Business Plans, however, go for $8.33 and $20 per month, respectively, with the time limits increasing proportionally.

8. Temi

Temi is a subsidiary of Rev and offers an automated transcription service facilitated by advanced speech recognition technology. Here you can expect a turnaround time of less than 30 minutes at $0.25 per minute. With good-quality audio, Temi's accuracy ranges from 90 – 95%.

9. Sonix

This company offers automated speech-to-text conversion in over 38 languages. A 30-minute free trial allows you to test the service before you commit to it.

The turnaround time with Sonix is just a few minutes at $0.17 per minute. To enhance the accuracy, Sonix includes an editing feature that checks for mistakes and allows you to format the document.

10. SpeechPad

Speechpad is one of the oldest transcription platforms and has been around for about 15 years. For $1.30 per audio minute, this company promises to have your transcript ready in 24 hours. An additional $0.50 per minute is charged for expedited orders, with a 6 to 12 hours turnaround.

Final Words

Finding the best transcription service for your particular needs doesn't need to be that hard. The guide above will help you compare and contrast the leading services so that you can commit to the right option. Transcription unlocks new possibilities for any content; don't be left out!