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Discover LudwigThe phrase "are payable" is correct and usable in written English.
It is typically used in financial contexts to indicate that a payment is due or can be made.
Example: "The invoices for the services rendered are payable within 30 days of receipt."
Alternatives: "are due" or "must be paid".
Dictionary
are payable
adjective
That which is to be paid.
synonyms
Exact(43)
Some are payable up front and some on completion.
No penalties are payable if this deadline is missed.
Additional amounts are payable in respect of severe disability, certain caring responsibilities and housing costs.
These are payable on earnings more than £153 a week (or about £7,500 a year).
No travel, accommodation or incidental expenses are payable to the winner.
Quotas are payable partially in Special Drawing Rights (see below Special Drawing Rights) and partially in a country's own currency.
Similar(16)
That amount is payable after graduation.
Unfortunately, their debts would still be payable in euros.
If the instrument is payable "to bearer," delivery alone suffices.
The benefits will be payable to individuals, not households.
Some UK benefits may still be payable abroad.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com