Yes. Currently there is a minimum payout amount for artists of $50 US Dollars. Once this threshold is met then you are eligable for payment.
Once the balance on your Earnings page has reached the minimum threshold amount (USD$50), then you will receive the amount owed 45 days after the end of the month that the amount was earnt in. For Example if you are owed $100 earned from November then the amount will be received by you before the 15th of January.