Are the scheduled contractor invoices automatically approved and paid for by default?

No, they are not. When a contractor's invoice is scheduled, it means that on a specific date, the invoice will be auto generated. With this, there are two outcomes:

• Set up automatic payments: By setting up automatic payments for this contractor's scheduled invoice, this means that when the invoice is auto generated, it will be automatically approved. We will also automatically charge the client for the invoice payment. 
• Manually approve and pay the invoice: Once the invoice is generated, you'll need to come back to the platform to approve the invoice and then make a payment for it.

It's advisable to set up automatic payments for your contractors' invoices to save time and prevent payment delays.