Googlers Benjamin Ling, Product Manager & Tom Oliveri, Product Marketing Manager have posted on the Google Blog na update about the Google Account and the possibilities it brings to buyers on the Internet.
Citing the AdWords programs, Benjamin and Tom report Google received payments more than US$11.2 billion over the past four years, and made payments to advertising partners of more than US$3.9 billion.
"There's been a lot of interest and speculation about what Google is doing with payments. We thought we'd give you a quick update on what we've done so far and what we see down the road.
As the number of Google services has increased, we've continued to build on our core payment features and migrate to a standard process for people to buy our services with a Google Account. Examples of this migration include enabling users to buy Google Video content, Google Earth licenses, and Google Store items with their Google Accounts. We also just began offering similar functionality on Google Base.
Looking ahead... We expect to add payment functionality to Google services where our users need a way to buy online. For us, it's all about bringing our users a better online experience whether they're searching or buying."