How Much Does Zoom Transcription Cost?

Are you struggling to keep up with fast-paced online meetings or important presentations? Do you need a Zoom meeting’s transcript to recall what you missed during the meeting? Wondering about the cost of such transcription services?

Don’t worry, we’ve got you covered! However, before that, let’s learn more about Zoom and its rising popularity.

Between 2020 and 2021, virtual meetings had an unprecedented increase, with the number of participants rising by a staggering 2,900%.

And, while most states have lifted or eased pandemic restrictions, many people still prefer virtual meetings due to the convenience that comes with them.

Unsurprisingly, Zoom is still among the most used tools for virtual business meetings and conversations.

Zoom gets about 300 million participants in discussions every day and its popularity is only multiplying, which is why there are more questions about the cost of Zoom transcription. Here's a detailed breakdown of Zoom transcription cost.

What Is Zoom Transcription?

It refers to converting the recorded video and audio files into text documents. Zoom transcription is essential as it provides a text document that is easy to understand, especially for people with hearing impairment.

In some instances, you may need to record your virtual meetings on Zoom. It enables you to keep the proceedings of the arrangements for future reference.

While this is a good thing, having a written copy of the proceedings of the meeting is also excellent. That's where Zoom transcription services come in handy.

How Much Does Zoom Transcription Cost?

The cost of zoom audio/video transcription largely depends on the type of file you have as well as its quality.

For instance, an audio with two or more speakers will cost more to transcribe than an audio with a single speaker. Also, low-quality files are harder to transcribe; hence, they will cost more.

For an explicit video with one or two speakers, you will pay $1.75 per recorded minute. Video files with three or more speakers require $2.00 per recorded minute.

Moreover, for complex video files with a maximum of two speakers, you will pay $2.25 per recorded minute. For three or more speakers in a problematic file, you will pay $2.50 per recorded minute.

The cost of transcription also depends on your preferred turnaround time.

For instance, a recorded video file with at most two speakers will cost $1.75 per minute for a turnaround time of three to four weeks. The same file will cost $4.00 if the turnaround time is less than 24 hours.

What Are the Factors That Affect Zoom Transcription Cost?

Zoom Transcription cost varies on the following factors:

1. Audio quality

A poor-quality audio file is more difficult to transcribe than one with good quality. For a low-quality file, the transcriber will spend more time trying to listen and understand the words being spoken.

Due to the work involved, the cost of transcribing such files is higher. This also means you will pay less for the transcription of good-quality audio files.

2. Turnaround time

It is possible to get your Zoom meeting transcribed within a few hours. However, the project's urgency can also affect the cost of transcription.

For instance, if you want a transcript delivered within four hours, you will have to pay more for Zoom transcription services. The cost may be lower for a longer turnaround time, say three to four weeks.

3. Pricing structures

It's important to note that different companies offer various service pricing structures. The same applies to Zoom transcription services. Common pricing structures for Zoom transcription include:

• Hourly – This is the pricing structure in which you pay a transcriptionist a certain amount for every hour they transcribe. While it is among the most commonly used pricing structures in the U.S., it has limitations. For example, regardless of the quality of the transcript, you will still pay the agreed amount for every hour transcribed.
• Per page – As the name implies, this pricing structure refers to paying for the Zoom transcript per page. It is a better pricing structure than the hourly method because it gives room to consider the quality of the transcript.
• Per minute – In this pricing structure, the transcriptionist will receive payment for every minute they transcribe an audio file. Here, they can tell how much they will receive depending on the audio file length. Per minute pricing structure is most commonly used in the transcription world.
• Per text line – This pricing structure involves charging a specific rate for every line transcribed.

4. The number of speakers

It is clear that an audio file with multiple speakers is harder to transcribe than one with just one voice.

For this reason, it will cost more to transcribe an audio file with more than one speaker. The complexity of transcription increases with the number of speakers, which also affects the cost.

5. Accent

To transcribe every accent spoken in an audio file, human transcriptionists must understand it.

Considering the many accents in English and other languages, human transcriptionists have much to do. Distinctive accents can be challenging to understand and transcribe, meaning their transcripts will also cost more.

How to Get Started with Zoom Transcription?

Zoom transcription service allows you to get your zoom recordings in text format. This helps in the storage of information for future reference.

It also helps access information in different forms for easy usage and sharing.

At GMR Transcription, you can get started with Zoom meeting transcription by following these steps:

• Create an account on our website.
• Upload your recorded zoom meeting. You can also make use of our web linking feature by copy-pasting the link to your meeting if it’s on your company’s website or some other online portal.
• Choose your preferred turnaround time to get a quote.
• Wait for your file to undergo transcription. Remember, you can track your files by logging into your account anytime.
• Once your files are ready, you can make the payment and download your transcripts directly from our website or receive them via email.

Final Takeaway

Zoom transcription is crucial for converting information conveyed in meetings into text format.

Since 2004 GMR Transcription has been a reliable company offering transcription services to universities, podcasters, professionals, and businesses, including AT&T, McDonald’s, and Microsoft among others.

At GMR Transcription Services, Inc., our 100% U.S.-based human transcriptionists ensure 99% accuracy for each file with good-quality audio.

We also offer transcripts in customizable templates and ready-to-use format. In addition, we take data security, privacy, and confidentiality seriously, meaning you should not worry about data breaches from your confidential business meeting recording.

We also have the experience to deal with all popular types of audio and video files, including those with multiple speakers, background noise, low-speaking voices, and foreign accents.

So, whether you need your Zoom meeting transcription now or later, GMR Transcription can be your go-to choice. Register today and experience the best of our transcription services.