Cashing out in Postloop is the easiest thing. First, you need to have at least 100 points ($5.00), which you can accomplish in your first day if you make as much posts as possible. Second, your user rating (I will explain about user rating in next post) must be better than the average, which probably is, depending how well you did in your first 10 posts.
Now you only need a PayPal account, doesn't have to be verified, and you're all set to cash out. The payment won't arrive instantly, but shortly after (1 hour max).
You'll get this message in Postloop once the payment have been sent:
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