Are you a new business? Do you have a tight budget? Are you looking for the cheapest transcription services? Then do not worry. We have got you covered! Finding the cheapest transcription services while maintaining the quality of transcription services is easier said than done. But today we are going to help you in finding the transcription services that do not become a back breaking burden for you when you are done with work. Now let’s get started!

Before jumping into the details of what are your options and what online transcription service providers offering transcription services is best for you let’s find out about the rates in the market and compare what works for you! Here we will see the best online transcription providers which are offering transcription services and their rates.

Online Cheapest Transcription services Rate Comparison:

MARS translation:

Let’s start with MARS translation. They have four different packages offering transcription services for you to go through and their lowest budget starts from $0.035 and goes to $0.072 per word. Now different packages have different deal the lowest one has one bot transcript and one human reviewer. The standard package has 1 human translator. The professional package has 1human translator and 1 human reviewer. In the publishing packages there is one expert human translator and 1 human review.

Go Transcript:

High quality transcription work with cheapest transcription service rates are being provided by Go Transcript. They also have four packages but these packages also come with bundle offers which is a great way to attract bundle of work. Their basic package has a 5 day turnaround time with the rate of $0.90 per minute and these rates go down as the number of minutes increase from 120. The second package is a 3 day service program which offers$1.10 per minutes and also decreases as the audio file exceeds 2 hours. The next two packages are very eye catching and to because the turnaround time is from 12 to 24 hours. rates are from $1.30 to $2.50.

Servixer:

Okay o the last company that is offering transcription services within the cheapest transcription rates is Servixer. The company is known for its transcription services all over the world. Offering transcription services with a minimum rate of $0.70, providing free verbatim transcription service with no delivery charges. The company is offering transcription services without any hidden charges and no extra charges.  The plan for their transcripts is simple and available on their website.

This was a little market survey that will help your business in knowing the market prices and help you in choosing your budget for transcriptions.

Ways to find cheapest Transcription services:

One of the easiest ways to find online transcriptions service providers that provide that cheapest transcription services is using software that have automatic speech to text recognizing software’s. Now this is the easiest way to get full transcription services through online transcription service providers and also done within budget. The second way to get your transcription services done is using a human resource. The third step would be not look for a fast turnaround time. And the last but not the least try to go for less detailed transcriptions. Now these are a few factors and features which can help you in getting online transcription services done in cheap. Now let’s dive into the details of how to avail these services and which are better!

Automatic Speech Recognition (ASR) Software’s:

One of the cheapest way to get online transcription services is by using and AI automated machine. Now the thing with Automated Speech Recognition (ASR) is that their accuracy highly depends on your recorded audio. There are many services that are free and have free trials to see if they value your money but the main goals is to have a service that values your work and provides you with best transcriptions for your business. If you plan on taking your transcriptions to a professional level then using automated services is not a great option. Because the only benefit you get from here is money. But accuracy and efficiency is not promised.

Human Transcription Services:

Moving towards the second option that you can avail when it comes to online transcription service providers and that is finding a human resource to do your transcriptions for you. Now the best thing about a human resource is accuracy if you have to compare and AI automated online transcription service and a human resource, the human resource will you give you a better accuracy than the bot. Now when it comes to fining the cheapest transcription services for your business Human transcription services have a good starter pack. They come with the minimum amount of $1 per minute and going to a maximum of $5.50. Now the downfall of human transcription services is that it has two different sources and they come with two different prices. The first one is the starting price which is the starting fees that can be $0.5 to $ 0.75. And the second part had different added features like security, efficiency etc. attached to it whose range can vary. Now these online service providers do have some loop holes and can make you give away more money depending on the quality of the audio to the amount of security that you are asking for.

The downfall of Human transcription services is their less secure environment and complex pricing schemes. But the best part is as you are managing and negotiating with humans you can always find a middle ground for prices and as far as the security is involves you can always make them these human transcription services to sign Non-Disclosure Agreements to ensure security.

Slower Turnaround Time:

Now the best way to achieve the cheapest transcription services is not to ask for a faster turnaround time. There are many online transcription providers that provide you with quality work in a very less amount but have a very slow turnaround time ranging from 3 working days to5 working days. Asa new company or a company with a tight budget this is the easiest way to handle the budget and get online transcription services.

There are some online transcription provides that even give you some really good discounts on slow turnaround times and it is great to avail such opportunities.

Less detailed Transcript:

Okay so this is another way to get your work done with the budget. As we know that not all audio files are the same. As there are many transcription types and any companies opt for verbatim transcripts as they are the most accurate type of transcription and cover all types of sound even small giggles and burps. Now the best way to opt for the cheapest transcription service is to find an online transcription service provider that has good efficiency and turnaround time but go for a non-verbatim transcription service or a less details transcription .This will help your company yin getting your work done with great accuracy and efficiency as well as stay in the budget.

Which cheapest transcription service is best for you :

Now once you are done with knowing all your options, now comes the real question. “How to choose the cheapest transcription service for your business?” To answer this question you first need to answer “What and why do you need transcription for?”
Do you need it just to have a backup on all your data? For all the calls that your representatives made to clients? For legal purposes?

If you are just keeping it to have a backup then your best option would be to opt for an automated online service provider like Automated Speech Recognition software’s which we discussed in our options. As they are cheaper and they are not that accurate but they do give you an overall overview and context of the conversation. And they are one of the cheapest transcription service providers.

Now on the other hand if you are collecting data from legal purposes and are searching for detail and then you have more options to explore in online transcription services like: Going for online transcription services that have a slower turnaround time or going for an online transcription service that give discounts on bulk orders etc. According to me overall the best option would be to choose a slower turnaround time, as you maybe get your transcription slower than what you expected what you will get will be quality work and also within your budget. In this way you will not have to sacrifice any factor of your work and also you will be getting the best services in the cheapest transcription service possible.

Now you have been reading about how to get the cheapest transcription services and what online transcription services are good for you and are also in your budget. If you are interested in knowing more about online transcription services and plan on finding the cheapest transcription services available online then go check out servixer,com for the best rates in the market.