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Automatic Payouts (Expert)
In order to automate Payouts, you can use Cron Jobs on your server/site.
First, you need to edit the wp-config.php file and paste the following line of code anywhere above the line that says "That’s all, stop editing! Happy blogging":
define('DISABLE_WP_CRON', true);
After that, you need to add a cron job from the cron tab in your hosting.

Example:
Cron At 00:00 on day-of-month 1.
0 0 1 * * wget -O /dev/null https://yoursite.com/wp-cron.php?doing_wp_cron
Here are some manuals for adding cron jobs:
cPanel - https://www.youtube.com/watch?v=YwpUjz1tMbA
Vesta CP - https://www.plothost.com/kb/create-delete-cron-jobs-vesta/
Kinsta Hosting - https://kinsta.com/knowledgebase/how-to-write-a-cron-job/