![]() ![]() If you need a turnaround of 24 hours, you can expect a standard fee of $1.25 per audio minute and an additional fee of about $.75 per audio minute for 48 hours. Turnaround time: How soon do you need the job done? For the first turnaround time of 24 hours or less, you must be prepared to pay for extra.Extra requirements: Special formatting, true verbatim transcription, and timestamps are a good example of additional requirements that will force you to dig deep into your pockets.Basically, rates keep on rising as the number of speakers increases. If your audio has three speakers, the starting rate can be $.25 a person per audio minute or $.50 a person for audio for 4 speakers. Additionally, you will spend more if your audio has fast speakers and a lot of cross talk. Multiple speakers: Another reason why you will pay more is when your audio has multiple speakers.For example, you can pay an extra $.10 to $.25 per audio minute for background noise, technical terminologies, and time codes. Bad audio: If your audio is problematic (it has noise in the background, distorted, too quiet or muffled), you will pay more.So why are you likely to pay more for some transcription jobs while others times you pay less? Here are some reasons. According to Writer’s Market, the average hourly rate for transcribing interviews is $50.įactors that will increase your transcription rates Often hourly rates range from $25 to $50. Per hour of the transcriptionist’s time: This structure allows transcriptionists to charge a minimum rate regardless of the audio quality.You can also be billed per hour or per word depending on the expert you consult. Per typed page: This is another pricing structure that is common with typing projects, where an expert transcribes from another document rather than an audio file.Often, rates range from 7 to 14 cents per line. A line is defined as 65 characters, including spaces. Per line: Commonly used in the medical industry, this pricing structure allows transcriptionists to bill their clients per line.And as mentioned earlier, rates range from $1.5 to $3 per audio minute. Per audio minute or audio hour: This is the common industry standard that is used by many professionals.Let’s have a look at the various ways transcriptionists bill their clients for services: ![]() Pricing structures used by transcription services If you opt to go for lower priced transcription services, in most cases, be prepared to get poor quality transcripts. Non-native transcriptionists may also offer to complete the job at a much lower rate. The downside of using such software is that the resulting transcripts are imperfect. If you come across such experts, chances are, they are using speech recognition software. ![]() You will probably come across transcriptionists who accept lower payments. But why are there professionals charging less? If your project has extra requirements, such as a quick turnaround time, you may be forced to pay more to have the job done. Standard rates for professional transcriptionists (especially those professionals from North America) range from $1.5 to $3 per audio minute or $90 to $180 per audio hour. Crucial things to consider when choosing a transcriptionist.Factors that will increase your transcription rates.Pricing structures used by transcription services.But why are there professionals charging less?. ![]()
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