We use PayPal for royalty payouts and are also in the process of integrating bank account payments.
The reporting timeframe for DSPs after music streaming or downloading varies. Typically, there's a delay of 60 to 90 days after the release before streams or sales are reported, and payments are issued. Following the initial release, payments are processed monthly.
Here's an overview of the reporting timelines for major DSPs:
Apple and YouTube: 2 months
Amazon: 2-3 months
Other DSPs: 3 months or longer