Take NatWest for example. They insist that they don't charge their customers for providing a Bank Feed and it is not in their terms and conditions. But Xero says THEY are charged £1.50 a month ny NatWest + VAT for each bank account which they pass on to the customer.
Now take the Accountant's business model. You charge a monthly sum to the customer which includes software 'worth £20' but you are happy because you are only paying £10 for it ON CONDITION that you pay for it and pass on the cost as part of the fee.
This is where it is a bear trap. Say the customer has three Bank accounts. If you did not make it clear to the client that £4.50 would be added to their bill they are going to be a very unhappy bunny. They might even refuse to pay, leaving you out of pocket.
I don't think that this implication is made sufficiently clear
By the way ...
Under Open Banking we are supposed to own our data, and I am not aware that data used by Auto Sergei has to be paid for. Can someone answer this?
Is it that there is a distinction between Bank Feeds (inotiated by banks) and data pulled in by APIs (which the accounting developers do not seem to be using)?