Cryptic crossword clue
VIP's paltry payment? 8

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

I've seen this crossword clue in The Times
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Buddy explains!

The straight part
We know that "paltry payment" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case paltry payment = sixpence.
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 SIXPENCE mean?

SIXPENCE noun
  1. The value of six old pence; half of a shilling; or one-fortieth of a pound sterling.
  2. A former British coin worth sixpence, first minted in 1551.

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