That's a HDMI capture device. The one you've linked takes a HDMI signal, compresses it, and provides it over USB2.0.
When digitalizing VHS tapes, generally one doesn't have a HDMI signal to use. They either have Composite (typical) or S-Video (better, but rarer). Typically, one should get a Composite/S-Video to USB device rather than trying to add a Composite/S-Video to HDMI device into the link here. Adding more pieces that you don't have control over tends to result in more issues and/or worse capture quality (due to extra filtering/compression steps applied).
Devices like the "Hauppauge 610 USB-Live 2" and "Elgato Video Capture" (I'd use the Hauppage device personally) provide a Composite/S-Video to USB 2.0 adapter that can provide uncompressed video.
