Google announcement:
http://googlecommerce.blogspot.jp/2013/05/an-update-to-google-checkout-for.html

Google Admits Defeat In Its 7-Year Battle With Amazon And PayPal
http://readwrite.com/2013/05/20/google-checkout-closure

I wasn't a Google Checkout user so this won't impact me. How about the rest of you?

Yes but they also announced the ability to pay by email...

QuoteGoogle Checkout will be retired as we transition to Google Wallet — a platform that enables merchants to meet the demands of a multi-screen world where consumers shop in-stores, at their desks and on their mobile devices. 

This is more like out with buzz, in with plus than giving up the challenge to Paypal

Ah. The Read Write Web article made it sound a bit more sensational.

http://www.google.com/wallet/#in-store&utm_source=EMB&utm_medium=emb-mgmt&utm_campaign=en-US