Crossword Genius

Bounder embraced a girl and got money for it (6)

Ross

I believe the answer is:

cashed

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'bounder embraced a girl and' is the definition.
I can't tell whether this defines the answer.

'money for it' is the wordplay.
'money' becomes 'cash' (cash is a type of money).
'for it' becomes 'ed' (I can't justify this - if you can you should give a lot more credence to this answer).
'cash'+'ed'='CASHED'

'got' is the link.

Can you help me to learn more?

(Other definitions for cashed that I've seen before include "Got money for the cheque" , "Realised" , "Got ready" , "Exchanged for money, as cheque in bank" .)

I've seen this clue in The Globe and Mail.
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