Sorry I haven't used a forum before. I have a sony ccd tr81 camcorder. It uses tapes. I am using a startech usb 2.0 video capture cable to upload the video feed. I tried it with another software and it uploads the video and sound no problem. (poor quality but it proves the cable and uploading is working) For some reason when I try to upload to Elements Premiere 12, I have tried all the video formats...dvd, dv etc,, it doesn't work. I did see in one area of support it referred to accepting video from tapeless camcorders. Does that mean it doesn't accept video from the older tape camcorders?
Moving this discussion to Premiere Elements Forum.
You cannot capture Hi8 over usb only over firewire into Elements
What you need is something like a Grass Valley converter.
You plug the camera into the device with either S-video or composite plugs and the device is connected with firewire to the computer.