The short answer is yes.
The sites pay when you reach a $5 minimum payout threshold on each site. You can’t lump the sum for both sites together due to the software used. If you want to wait for the payout to reach higher before you’re paid, there is an option for that. You can select up to $20 before you receive the payment.
You must have a PayPal account, though. This is a problem for those who can’t get PayPal accounts. I’m not sure if the owners are looking into other payout methods but nobody has complained about not getting paid because of this issue yet. Payments are made through the sites, and there is no need to have your own Google AdSense or other accounts.
Using affiliate accounts is an option. On Writedge, you can have up to five affiliate links when your posts are 1,250 words long. For Daily Two Cents, you can have up to two affiliate links for posts 400 words or longer. The minimum word counts are 400 and 100 respectively. The affiliate earnings are paid through your own affiliate marketplaces, so if you opted for Amazon affiliate links you would be paid through Amazon. The good news is that you get 100% of the earnings.
From experience, both sites pay on time each month. In fact, some months have been early.
You can see in the screenshot above that I was paid on time (they say by the 10th of the month) in August. There are three payments: one from Daily Two Cents and the other are payments from both sites after a change to the payment software. It was easier for the owners to pay anything earned between March and June since the payment system changed mid-month even if the minimum amount of $5 was not met.
I apologize for the blurriness on the image. You can just about make out the information and I'll try to correct that soon.