I thought I'd write about my experience with Speechpad so far since many people on the forum seem interested in transcription work. Honestly, I had completely forgotten that I had signed up for this site, so it languished ignored for quite a while until I remembered about it.
You have to take a basic qualification test to be able to work the most basic jobs. You must also agree to their confidentiality agreement in order to start working. There are other tests that you can take in order to do other types of jobs. I haven't tried any of these tests yet. Be sure to study all the style guides since they are different for the different type of jobs offered.
Once you are approved to work, you simply log on to the worker console and pick from the jobs that you are qualified to do. You get to listen to a 15 second preview of the audio to help you decide if you want to do the job or not. Currently, the lowest price per minute is .25 and the highest price per minute is .45. The jobs vary from one minute of transcription work to over one hour. When you complete a job, it will be reviewed. The review process can take a day or several days. You can see in your work history what the status of your jobs is.
Speechpad pays via PayPal on the 1st and on the 16th of the month. You do have to pay PayPal fees, so keep that in mind. There is no minimum payment threshold. If you have an earnings balance, you will be paid. So far, I have been paid twice. My first payment was supposed to have been on October the 1st, but I did not get paid until the 4th. I don't think this delay was too bad. I contacted worker support to ask about the delay, but I did not receive a reply which I thought was odd because they had been very helpful answering other questions I'd had in the past. But, about 2 days later, I received my payment. Today, I received my second payment right on schedule, without delay, and without a problem.
You don't need any special equipment such as transcription software or a foot pedal to work at Speechpad. If you are interested in transcription work, I think you should give Speechpad a try.