If you are a transcriptionist and your goal is to be more productive, you can't miss the best transcription companies.
They stand out for paying the highest rates for doing transcription work from home, in a flexible way and with opportunities for growth.
In this post is our top 10 best transcription companies, their pay rates and main features.
We invite you to get to know them, you will have their links to see all their information and know if you have what it takes to apply and start earning the highest rates for transcribing.
Top 10 highest paying transcription job
The highest payouts from the best transcription companies depend on a number of factors.
Among others, the level of the transcriptionist. There are companies that release you from the presentation of some proof; or pay a higher rate, if you have completed studies, certificates and experience.
On the other hand, payments will always depend on the number of transcriptions performed: more dedication means more income.
Payments also depend on the quality of the transcriptions delivered, which always comply with the company's style guidelines and clients' specifications.
In addition, it is possible to earn bonuses for delivering well-done transcripts, received without any remarks or returns.
If you are just starting out, I recommend that you check out the best transcription jobs for beginners.
If you are looking to improve your salary as a transcriptionist, here is our top 10 highest paying transcription companies.
1. GMR Transcription
GMR Transcription is one of the companies with the highest paying transcription jobs. Their home-based transcriptionists can earn between $1,000 and $3,000 per month.
This pay depends on the skills and type of work performed. A transcriptionist will earn more, if he/she accepts difficult audios, with a lot of speakers, or with very fast turnaround times.
All you need to get started as a transcriptionist is a computer with high-speed internet, a foot pedal, headphones and MS Office.
Although experience is not a requirement, experienced transcriptionists are preferred, and passing a demanding transcription test is required.
Applications are accepted only from transcriptionists residing in the United States.
2. SpeakWrite
According to SpeakWrite, it pays $450 per month on average, and transcriptionists with higher paying transcription jobs can earn up to $3,400 per month.
Applicants must have at least one year of transcription experience, type 60 words per minute, and pass a typing test with 90% accuracy.
One important thing to note, it is not possible to work at your own pace with this company because they offer their clients a very fast turnaround time.
They only accept applications from experienced transcriptionists with US or Canadian residency.
3. Rev
Transcriptionists currently earn at Rev between $0.30 and $1.10 per minute of audio and video. And subtitlers between $0.54 and $1.10 per minute of audio and video, the more difficult the job the more it pays.
Rev is one of the best transcription companies, among other things because of its flexibility, you can work whatever you want, with residence in different countries and you only need to have a computer with a good internet connection.
In addition, they do not ask for previous experience, so it is an interesting place for beginners. You are required to answer a grammar questionnaire and send a test transcript to prove your command of English and understanding of Rev's style guide.
The company accepts freelancers from the United States (excluding California due to regulatory changes), Canada, United Kingdom, Australia, Northern Ireland, Mexico, Netherlands, New Zealand and South Africa.
4. CastingWords
CastingWords is another of the best transcription companies with a high degree of flexibility. It does not ask for prior experience and its pay ranges from 8.5 cents to just over $1.00 per minute of audio.
It has a sliding pay scale, depending on the level of qualification of the transcriptionist assigned by the company and the rating obtained on each of the transcriptions.
This makes it one of the best transcription jobs for those with more experience and consistently achieving higher ratings.
To join, you are required to provide basic information, complete a short biography, and take a transcription test (some transcriptionists are released from taking the test by the system).
You can work with the company from any country where the Paypal payment system is accepted.
5. GoTranscript
GoTranscript pays up to $0.60 per minute for audio and video, its transcriptionists earn an average of $150 per month and can earn up to $1,215 per month, depending on their dedication.
The company hires transcriptionists from all over the world and occasionally jobs are available in non-English languages.
You have the ability to listen to each audio file and choose which assignments you want to work on.
Editors review each file and rate your work; if you consistently earn high ratings, you may be able to earn more per minute or move up to an editor position.
6. Daily Transcription
Daily Transcription states that their best transcriptionist can earn between $350 and $1,250 per week, but they do not guarantee a specific amount of work.
To become a transcriptionist for this company, you must have a minimum speed of 60 words per minute and reside in the USA, Canada or English-speaking countries.
To join the company, it is required to pass a skills assessment test and a transcription test in the area of specialization.
7. TranscribeMe
TranscribeMe is another top paying transcription company you can apply to.
It pays between $15 to $22 per hour for audio, its transcriptionists earn on average about $250 income per month. Their special teams earn $60 to $70 per audio hour, including medical and other specialty styles.
Entry requires passing their style guide test and English exam. No previous experience is required, but you must be a resident of the U.S. or Australia.
8. Scribie
Scribie pays between $5 and $20 per hour of audio, if you work 8 hours a day it is possible to earn $800 per month. And if you complete three hours of audio in a month, you can get a $5 bonus.
Their transcribers are powered by Artificial Intelligence, which helps them do most of the work automatically.
To enter a test is required, it is one of the files to be delivered to customers. Depending on the grade obtained, the transcription will be certified as a transcriptionist and the transcription will be paid, or rejected if it does not meet the guidelines established by the company.
Transcriptionists not residing in the United States may apply, as long as their country accepts the Paypal payment system.
9. 3Play Media
The fee varies according to the length and complexity of the file to be transcribed.
3Play Media's pay rate varies, depending on the length and complexity of the file to be transcribed.
However, the company indicates that its transcriptionists earn between $10 to $30 per hour.
You can apply to be an English transcriptionist, Spanish transcriptionist and English voice transcriptionist.
If you want to apply, you must have excellent written communication skills and be fluent in grammar and punctuation.
10. Ditto Transcripts
Another of the best paying transcription jobs is Ditto Transcripts. It offers different pay rates, for example, its medical transcriptionists are paid between $0.07 and $0.10 per line.
Pay rates for other transcriptionists (police, financial, academic, and legal) range from $0.80 to $1.10 per minute.
This range varies depending on the experience of the transcriptionist, research time needed to transcribe accurately, quick turnaround, and the difficulty of the audio to be transcribed.
There are some cases where you pay a higher rate, up to $5.00 per minute, for court hearings where transcription is required at night.
Currently, the company cannot hire transcriptionists who do not reside in the United States. Transcriptionists residing in the cities of California, Massachusetts and New Jersey are also not allowed.
Conclusions
The best transcription companies pay variable rates, depending on the transcriptionist's experience, efficiency, accuracy and area of expertise.
These companies have many advantages. In most of them there is great flexibility, earning a lot or a little depends on the time you decide to dedicate to it, you can be a full time transcriptionist or just dedicate some hours.
Additionally, if you want to learn to be a transcriptionist, they admit beginners and with the possibility to choose to work on the audios and videos of your interest, so you can be more productive while you learn.
And they are a source of employment not only for US residents. Some companies accept transcriptionists from other countries around the world, as long as they support the Paypal payment system.
It is worth noting that the highest paying transcription jobs are the difficult ones, the audios with complex topics in which time is invested in research, with several speakers, difficult to listen to or with very fast turnaround times.
Have you applied or are you already working for one of these companies? Write to us, we would love to hear about your experience.
