Although some people complain of potential privacy issues with google, others complain about potential privacy issues with giving their cc info to so many separate stores...
But with Google its not just cc infomation
I've posted this information on another thread, but it merits repeating here:
Not only do customers, when they sign-up, give Google the right to their credit reports, but to UNLIMITED INVESTIGATION:
Google Checkout Terms of Service:
2. Requirements for Registration
...You also authorize us to obtain from time to time a credit report
and/or to otherwise make credit or other background inquiries as we deem appropriate
to evaluate your registration for or continued use of the Service ..."
Besides gleaning information from the merchant side and co-opting merchant services, Google is obviously planning to, sometime in the future, provide credit directly to customers, bypassing the cc companies.