Are you a fast and accurate typist? If you are then you can use those skills to make money doing transcription for different companies online. With these companies they pay you to type the recordings as well as format the document per company standards. Most of the companies pay per audio hour. For example the company may pay $50.00 per audio hour. That means if it takes you two hours to type the file they will only pay you $50.00. However, if it takes you thirty minutes to take the audio they will still pay you $50.00. These positions are great for someone who needs to make their own schedule or are worried about background noise. We have listed 5 transcription companies below.