I ran into the same issue (“The account of the meeting disabled the cloud recording”) as did another user in this post.
After several conversations with Zoom support, I found that the Video SDK Pay As You Go (PAYG) plan requires the “Zoom Video SDK Recording” add-on to use cloud recording. This add-on costs $100/month and you can sign up on at the bottom of the Developer Pricing page. The sign-up page says you get 30000 recording minutes free, with overages costing $0.015 per recording minute, as well as 1 TB of free storage.
Note: The Video SDK Universal Credit plan allows you to use cloud recording right away, with the minutes/storage billed against your credits. However, unlike the PAYG plan, there is no free usage tier so estimate costs carefully.