Transcription services are generally of two types known as verbatim transcription service and non-verbatim transcription service. Verbatim transcription converts your speech into text exactly as it is spoken by noting down the entire speech word by word with all the informal utterances, stutters and other informal expressions. Contrary to verbatim is the non-verbatim transcription service which converts your speech in-to text in the form of a paragraph or a summary of the entire conversation highlighting the key points of the discussion. Both types of transcriptions are offered by Transcription services providers.