Thank you for your question.
I understand that a merchant from an online blog gave out information that you can sign up for Google Wallet for Digital Goods and be able to sell web hosting. However, web hosting is classified here in Google that it is a type of a service that we can no longer support give that Google Checkout is retiring on November 20, 2013. If ever a merchant found a way to set up an account to sell web hosting using Google Wallet for Digital Goods, please be informed that Google is constantly reviewing our merchant accounts, and once it is reviewed, the account will then be suspended and further closed by Google. I understand if you still want to try to setup a merchant account using Google Wallet for Digital Goods, however we strongly don't recommend it to any of our existing Google Checkout merchants selling web hosting.
We appreciate your understanding.
Sincerely,
Eric
The Google Checkout Team
If you have additional questions, please visit our Help Center at http://support.google.com/checkout/sell/"