The Most Affordable Audio to Text Transcription Services

The necessity of transcribing services cannot be overstated enough. They can make your life much more convenient and make it easy for you to create content and text for suitable applications. Most of the journalists, students, and even companies realize the importance of transcribing services but are hard-pressed to choose the most affordable one.

There are too many options to consider. It can be a tough task to pick the right one. That is why, today we will help you out by sharing with you the five most affordable options when it comes to transcribing services. We will also share with you the most affordable one among these to help you pick the right one.


First Draft transcription has a starting rate of $ 0.79 per minute. This transcribing service aims to help you create business proposals, convert audio lectures to notes, or even jot down your thoughts. It aims to provide you with fast transcription service, which can help when transcribing a large number of audio files. According to the website of the company, they can provide you with an accuracy of 90%, which helps you in converting audio files which do not need precision. It is one of the options which you can consider when looking for affordable audio to text converter online.

2. Rev:

Rev can help you transcribe audio to text online. The cost starts at $ 1 per minute. It also helps you to convert video to text. The website claims that the upfront price is all you need to pay. There are no hidden charges involved. It offers round-the-clock service, which ensures that you get output in a short time. It uses professional transcriptionists, which can help you with accurate transcription.

3. GoTranscript:

GoTranscript has become quite popular due to its starting rate of just $ 0.72 per minute. It offers 99% accuracy and turnaround time of 6 hours. That is why; over the years, it has become a popular transcription service. It has been around since 2005. According to the website itself, it has 10,000 active clients, which means it can handle high volume.

It caters to fields like education, media, marketing, and others. On the website, it mentions that it can help you convert the dissertations, lectures, seminars, webinars, and interviews to text. It is one of the simplest and versatile ways to transcribe audio to text.

4. Transcription Panda:

Transcription Panda offers a rate of $ 0.79 per minute. However, that is the rate of a rough draft. Due to this very reason, you cannot expect pinpoint accuracy from this service. If you need that, you will have to pay higher. It has a turnaround time of 2 business days, which can be slow for some customers.

It claims that it has a transparent pricing structure, which means that you can get a quotation in advance. If you’re looking for transcription service which can provide up to 20% accuracy, you can certainly go with this option.

5. Audext:

We have kept the best one for the last. Audio to text transcription service Audext allows you to transcribe audio files for free. It uses the power of AI, which means that you can get the output in minutes rather than waiting for days together. It is highly accurate due to the use of AI technology. It also offers you the option to add output through an online editor.

After the 30 minutes free trial, the cost starts at $ 10.9 per hour. It is much more affordable than the other options on this list. Due to this very reason, it has become quite popular in no time. It also offers a fixed monthly package which can reduce the cost down further. That is why, if you regularly transcribe audio files, it is one of the best options for you. According to Audext, its transcription services are perfect for a wide variety of industries like:

  • Media
  • Education
  • Corporate transcriptions
  • Podcasts
  • Webinars
  • Digital marketers

The best thing about Audext is the fast output. With AI accuracy, you can be sure that the turnaround time will be minimal. You can directly get a text file which you can use right away. With the help of AI technology, it can detect multiple speakers and audio, which make it perfect for webinars, interviews, and corporate meetings. You will not have to decipher the speakers separately.

It also associates the text with the audio timeline, which can help you modify the text if required. All these features are hardly available in any of the above transcription services. These are the reasons why it outscores the other four options which we have listed above. When you compare the cost, it is just a fraction of the above services. Hence; when you’re looking to convert audio file to text, there is no better option than Audext.

In terms of accuracy and fast output, it is second to none. Thus, it has all the features which you might look for in transcription service. It is affordable, accurate, and provides a fast turnaround time. So, when searching for the most affordable audio to text transcription services, these are the five options which you should consider.

Out of these, if you’re looking for the most precise ones with fast turnaround, you should go with Audext. It is not only the quickest but also the most affordable option on this list, which helps you get the transcription done in no time.

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