Fortumo pays you money immediately after we have received it from the mobile operators. Operators in different countries pay at different speeds. Payout cycle of 3 months means that the revenue earned by your services in January will be transferred to you in the first half of May.
After the initial waiting period, you would get a payout each month, as your February money arrives in June, March money in July, etc.
January
February
March
April
May
1. Your services earn revenue
2. Operators pay money to Fortumo
3. Fortumo pays money to you