Ireland: Google Payment Ireland Ltd

Overview

Google Payment Ireland Limited is Google’s Irish regulated payments entity. It is registered in Ireland under company number 598776 and has its registered office at 70 Sir John Rogerson’s Quay, Dublin 2, Ireland. The company is a private limited company.

Google Payment Ireland Limited processes transactions in the European Economic Area for fellow Alphabet group companies. It earns revenue from group companies for providing payment-processing services. The service offered by the company is the issuing of payment instruments and/or acquiring of payment transactions, as defined in point 5 of Annex 1 of the Revised Payment Services Directive, PSD2.

The company enables merchants to sell typically digital products and services online. Its payment services support marketplaces offered by Alphabet group companies, including Google Play, so that sellers and merchants can participate in and sell their goods and services.

Google Payment Ireland Limited should be listed separately from Google Ireland Limited, Google Commerce Limited and Google Cloud EMEA Limited. It is not the main Irish advertising-revenue booking entity, not the Google Play commerce entity, and not the Google Cloud EMEA contracting entity.

Ownership and group status

Google Payment Ireland Limited is wholly owned by Google International LLC, incorporated in the United States. Its ultimate parent undertaking and ultimate controlling party is Alphabet Inc., incorporated in the United States.

The company is part of the Alphabet group and is included in Alphabet Inc.’s consolidated financial statements.

Leadership

The directors listed in the FY2024 annual report are:

The company secretary is Matsack Trust Limited.

The FY2024 accounts were signed by Valentine Bohan and David Sneddon on 13 May 2025.

Business model and services

Google Payment Ireland Limited generates revenue through service agreements with other Alphabet group undertakings for the provision of payment-processing services. The company incorporates a margin in the calculation of its service fees. Revenue is recognised over time as the customer simultaneously receives and consumes the benefit of the payment-processing service.

The company operates as a regulated payments-support entity for Alphabet group marketplaces and related services in the EEA. Its revenue should not be interpreted as the gross value of transactions processed through Google marketplaces. The income statement records the company’s service revenue and related costs, not total user or merchant payment volume.

Regulatory status and safeguarding

Google Payment Ireland Limited is regulated by the Central Bank of Ireland. The company states that, in accordance with Central Bank regulations, it is required to safeguard user funds. For FY2024, it had a comparable guarantee bond of €635m, unchanged from FY2023. The guarantee bond was €750m in FY2022.

The company reports no employees. Staff and other costs are borne by group companies and recharged to Google Payment Ireland Limited.

Post-balance-sheet development

On 1 February 2025, Google Payment Ireland Limited commenced the provision of merchant acquiring and payments-processing services to Cloud Marketplace customers in the European Economic Area.

Latest financial snapshot

FY2024