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To create a Google Checkout account
You must have a Google Checkout account associated with your Google
Account to purchase items from Android Market.
On your computer, go to http://checkout.google.com to establish a
Google Checkout account.
OR
The first time you use your phone to buy an item from Android
Market, you’re prompted to enter your billing information to set up a
Google Checkout account.
WARNING!
When you’ve used Google Checkout once to purchase an application from Android
Market, the phone remembers your password, so you don’t need to enter it the next
time. For this reason, you should secure your phone to prevent others from using it
without your permission.