Online video compressor + video-to-text transcription.
ClipShrink is an online video compressor and video-to-text tool. Compression runs in the browser with local encoding, so files are not uploaded for compression. Video-to-text transcription requires an account and credits and uploads the file to the cloud. Pricing is freemium with no subscription: Free is $0 (10 credits once); Starter is $9 one-time for 750 credits; Creator is $19 one-time for 2000 credits. Credits never expire. Unused purchases can be refunded within 7 days.