Transactions are processed every business day as determined by you, the business using Payable, and when you tap the "Send All Payments" button (or "Send Now" for individual payments). The only exception to this would be Banking Holidays. These are days throughout the year when banks are closed during the week. Because of this, payments are processed a full business day later than normal.
We recommend planning around these dates to avoid any delayed payments to your contractors. Feel free to contact us with any questions - we'd be happy to help!
New Year’s Day -- Jan 2 (observed)
Martin Luther King, Jr. Day -- Jan 16
President’s Day -- Feb 20
Memorial Day -- May 29
Independence Day -- Jul 4
Labor Day -- Sep 4
Columbus Day -- Oct 9
Veterans Day -- Nov 11 (not observed)
Thanksgiving Day -- Nov 23
Christmas Day -- Dec 25
$0.99 per payment