Cryptic crossword clue
No longer very good, a fellow must be paid for 8

The most common and most likely answer to this crossword clue is the 8 letter word EXPIATED

I've seen this crossword clue in The Daily Telegraph
E
X
P
I
A
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D

Buddy explains!

The straight part
We know that "paid for" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case paid for = expiated.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does EXPIATED mean?

EXPIATED verb
  1. To atone or make reparation for.
  2. To make amends or pay the penalty for.
  3. To relieve or cleanse of guilt.
  4. To purify with sacred rites.
  5. To wind up, bring to an end.

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