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Developers can expect subscription pricing to start at approximately $40 (USD) per month for up to 20,000 queries each month,” according to the post. However, “(d)uring the transition period, developers will be encouraged to try the Bing Search API for free on the Windows Azure Marketplace, before we begin charging for the service.
In particular, using the API for rank checks is explicitly prohibited.
[edited by: Sgt_Kickaxe at 6:33 am (utc) on Apr 13, 2012]