Payment processing is initiated for placement based payments when the due date arrives as per the placement payment frequency configured by the organization. For example, an organization has set up the placement payment frequency to be the 1st of every month. A client is placed with a provider on 5th January for a period of one month, for a service which is configured to be paid based on placement. The provider will be paid on 1st February, as per the configured frequency, for 25 days of placement in the month of January.