Motivation:
You have some applications on App Store for sale. You want to know when you may receive your App Store revenue?
Answer:
Payments are made no later than 30 days following the end of each month.
To receive payment, you must have provided all required banking and tax information and documentation, as well as meet the minimum payment threshold, ranging from US$0.02 to US$150, depending on your country or region.
If you earned more than the minimum required to trigger a payment during August, 2021, you should see that money in your bank by September, 2021 or sooner.
Source: https://itunespartner.apple.com/books/articles/apple-books-payments-2748
Can we change the minimum payment threshold?
It seems that currently you cannot change the minimum payment threshold. There has been no official documentation about this ability.