Transcription service Rev is raising prices for the first time to $1.25 a minute

Image: Rev

Online transcription service Rev is raising its prices for the first time ever, from $1 a minute to $1.25. The price hike was disclosed in a message the company sent to Rev transcribers on Thursday outlining the change and assuring the contract workers that this is not expected to significantly impact the number of job orders available. The company, which has been around since 2010, is one of the leading online transcription services, and it made its name largely off its advertised $1 per minute rate.

“We’ve already spoken with dozens of clients. They seem to get it: companies raise prices. Rev has been charging $1 per minute since we launched almost a decade ago and that’s been far less than our competition,” reads Rev’s message to…

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