Google’s Benjamin Ling, Product Manager & Tom Oliveri, Product Marketing Manager on the Google Blog hint at the release of a PayPal style payments sytems soon (code named Google Wallet)

From the article: “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.”

Google Blog