Automatic revenue splitting app : possible legal caveats
Hi everyone! I hope you're doing well. I'm currently working on a personal project for helping indie game dev teams automatically share their constantly fluctuating revenue from their games, following agreements that the team determines. This idea came to mind because from what I know, Steam doesn’t provide a way to automatically share the revenue that a game makes among the members of the game dev team that made the game : Steam sends the money to a single account then it’s up to its owner to manually share the money among the members, by following spreadsheets, being based on trust etc.
I was planning to use Wise Business for that as they offer a service through their API to automatically make precise transfers to multiple bank accounts. The thing is, it would require the teams to give me their API key. Plus I have no idea if there are regulations involved for that kind of operation, or if it’s even allowed in the first place. Apparently it could potentially give me the status of payment service provider, or a money transmitter, which both require regulation and a lot of legal processing.
Asking a lawyer would be the best option if it wasn’t so expensive... Please, what do you think all of that? I would be thankful for every answer I get.