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You will now need to choose between a Regular or Shared Sub-Account. The Regular Sub-Account gives only you access. I am going to set up a Shared account. If you look above, you can see I checked the Shared Account radio button. Below the radio options, you will notice that you can choose the name, password, board alias and percent for the new account; if you were to choose Regular, you would only need choose the name. Most of the options are basic, the Percent option is however a bit unique; this is where you must decide how much money you would like paid out to this specific account. For example, if you choose 100%, you are giving all the signups that are sent through that account to the Sub-Account. If you choose 50%, you are giving them half while the other half is routed into the Master Account.
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I've been getting quite a few questions regarding this option.
The % you set within
each subaccount is the % payed out from that (your) subaccount. Not the from the Master account.
Your sub account(s) have nothing to do with your Master account.