Crossword Genius

Pay some more money for it (5)

Ross

I believe the answer is:

remit

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'pay' is the definition.
(remitting is a kind of paying)

'more money for it' is the wordplay.
'more money' becomes 'remi' (I can't explain this - if you can you should give a lot more credence to this answer).
'for' is a charade indicator (letters next to each other).
'it' becomes ''t' (abbreviation. e.g. in 'tis).
'remi'+'t'='REMIT'

'some' acts as a link.

Can you help me to learn more?

(Other definitions for remit that I've seen before include "send money, maybe" , "Job specification" , "Scope of reference" , "Maybe suspend" , "Task/area assigned (to an organisation)" .)

I've seen this clue in the Evening Standard.
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