OK, as I promised I am now updating this post. Thanks to those who posted in-between.
Payment was received yesterday.
So, with request made on Wednesday, and payment made on Monday, that was 4 working days for payment to be received.
I'm thinking now to make payment requests on Sunday evenings, as this would basically guarantee payment would be received by Friday latest.
Hopefully, my information is useful for you, and removes some concerns about the new payment system.
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marcho21 - I agree with you, I think the new payment system works but if there was less payments to process it would work even better. I would suggest $10 minimum payment for all, but limit premium members to one payment a week and standard members to one payment a month.
For standard members who dislike this idea: If you are earning enough to cashout weekly (or even less frequently) then you really need to upgrade to premium anyway, that $17 annual payment will seriously increase your earnings (i.e. more ads, higher daily bonus etc...).