There are many scams out there on the web, especially in the topic of making money online. So the fact that you’re on my GoTranscript review shows that you’re aware and are doing your best to avoid scams.
GoTranscript is not a scam, they’re a site that lets their members earn money online by typing. The job is called transcription and it’s where you’re typing down what you hear in an audio clip. They pay about $36 per audio hour and pays their workers weekly via Paypal. Sounds good so far? Don’t get too excited because you likely won’t be able to do this full time. Read on to find out why…
In this GoTranscript review I’ll go through how it works, and why doing online transcription even on legit sites aren’t the best way to make money online.
Type: Paid transcription
Membership Price: $0
My Rating: 2.7 out of 5
GoTranscript is based in the UK and has been around since 2006, they pay freelance workers to transcribe audio into written text.
In this review I rated GoTranscript a 2.7 out of 5, they appear to be scam free with lots of positive user ratings, but the work is pretty boring and the pay is not very high. The hardest part about transcription is that many audio is often not 100% clear and it’s very frustrating when you cannot understand. Rewinding and listening to the same clip over and over again can get tiring…
If you’d rather do more enjoyable things to make money online then check out these top “get-paid-to” sites instead.
Earning Money – How Does GoTranscript Work?
Getting Started – Requirements
One really good thing about transcription is that you don’t need any fancy equipment to do. All you need is a laptop with internet, and a pair of headphones to listen to the audio.
Transcription software is provided to you by GoTranscript, there is no need to download anything. All you need is access to the internet and you can basically work from anywhere in the world.
You can sign up to become a transcriber on GoTranscript for free, your application will take a couple of days to be processed and if you’re approved then you can start working. Your transcription jobs will go through editors that double checks everything first, if all is good then you’ll get paid.
You can also apply to become an editor yourself, but this position requires that you consistently submit extremely accurate transcription work. There is a rating system where your work is rated by clients, you must have a 4.5/5 rating average to apply to become an editor.
If boring transcription work doesn’t sound like something you’d enjoy, then check out sites like Swagbucks and Inbox Pays instead where you can earn taking surveys, watching videos, clicking ads, doing offers, easy tasks, playing games, and more.
Complete & Pass Sample Test
Before you can start typing to earn money, you have to take a sample test. This is just a very short sample audio that you’ll have to transcribe, this is so they can see if you got the right stuff. Once you have submitted the test they will email you in a few days to let you know if you passed or not. If you passed you’ll be given instructions on how to start transcribing to earn money.
How Much Can Transcribers Earn?
There’s no limit to how much audio you can transcribe, so how much you earn depends on how much work you do. GoTranscript pays you $0.60 per audio minute ($36 per audio hour) and they say the average member makes $150 per month.
A lot of people think $36 per audio hour means they’ll make $36/hr, but this isn’t the case. It means you’ll get paid $36 for every hour of audio you transcribed, often it’ll take you SEVERAL hours to transcribe an hour’s worth of audio. Basically GoTranscript is just a supplemental income site and nothing too exciting.
If you’re looking for a full time online income then you may want to check out my #1 Recommended Way of Making Money Online.
Getting Paid By GoTranscript
You get paid by Paypal or Payoneer every week on Friday, as long as you have earned something you will get paid, there doesn’t appear to be any minimum payout thresholds as you’ll find with many other sites.
Here’s a summary of how GoTranscript works in video form:
All Countries Accepted
You can become a transcriber from anywhere in the world, everyone is welcomed. But the thing is you must live in a country that allows Paypal or Payoneer as those are the only two ways to get paid.
Work Anywhere, Anytime
I guess this is the biggest allure of working online, as long as you have access to the internet then you can just whip out your laptop anywhere in the world and start working. There is very little equipment needed to do transcription, you just need headphones to listen to the audio. Or if your laptop/computer’s default audio is loud and clear then you don’t even need headphones.
Quick & Easy Payments
GoTranscript pays their transcribers with Paypal and Payoneer which are two of the most popular ways to get paid online. Electronic payments are always preferred over check as they’re super quick and easy, usually taking no longer than a day or so to send and receive payments.
Boring & Frustrating Work
At first the idea of earning money online typing seems very attractive, but transcription work is actually very boring and frustrating work. The quality of audio will vary, some will be more clear but some other ones are full of static and hard to understand. Trying to transcribe bad audio will make you want to pull your hair out!
If you prefer more fun ways to earn money online, then check out sites like Swagbucks and Inbox Pays instead where you can earn taking surveys, reading emails, playing games, doing tasks, offers, and more.
Only Extra Income
Most people on GoTranscript only earn an average of $150 per month, with top earners making $1200+. How much you can earn depends on your transcribing skills, how fast you can type, and how many jobs you do.
Top earners may also need additional equipment to help them transcribe faster, such as a foot pedal to pause/forward/rewind audio more efficiently. If you’ve never done transcription work before then chances you’ll be earning $150 per month or less.
Conclusion: Is GoTranscript a Scam?
GoTranscript is not a scam, if you do a good job transcribing audio then you will get paid. This site has lots of positive reviews everywhere and so there’s nothing to worry about here. Although they’re a legit site that pays, there are better ways to make money online. Transcription is too low paying and the work too boring to be worth it.
You can also earn extra income on these top “get-paid-to” sites, but the tasks are a lot more enjoyable than transcription, and some are even things you’re already doing online like searching web, signing up for websites, and reading emails.
If extra income isn’t enough for you, then good thing my #1 Recommended Way of Making Money Online exist, anyone can build a successful full time online income with a website/blog business.
What do you think about GoTranscript? Do you have experience with transcription work? Share your thoughts and questions down below!
My Final Rating:
I’m a regular person who started this website in Sept 2017 to help people in making money online. I envision my own success from helping you become successful. My goal is to help you create a consistent online income, let’s make that money!