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If you have another AndroidTM phone, you can download a paid application to that phone using the same Android Market account, at no additional charge.

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.