When and how much do I get paid if I am on a 50/50 commission split after activating a client?

We want to reward 1099s like yourself for immediately closing a deal and getting paid right after activation. As a 50/50 commission rep, you are entitled to a one-time bonus of $500.00 for any new account that you sign up that processes over $7,000 in the first 7 days after their first transaction with Eliminate Card Fees. You are entitled to a one-time bonus of $250.00 for any new account that you sign up that processes over $2,500 in the first 7 days after their first transaction with Eliminate Card Fees. You also make about 1% of your merchants total credit card sales for as long as they are processing with Eliminate Card Fees.