I have had a quick look but couldn't see anything related.

Basically, if we were to accept payments for events on our website, via paypal (essentially a Buy it now! button), as a business, do we need a merchant's account, or will a regular bank account be acceptable?

I may have some confusion in terms. My understanding is you need a merchant's account to accept credit card payments, but as we are using PayPal, is this necessary?

Thank you for any clarification.

disclaimer - I've read [What are some options for taking payments on my website?](https://webmasters.stackexchange.com/questions/45/what-are-some-options-for-taking-payments-on-my-website) but it doesn't explicitly say if we require a merchant account or not. 

Thank you.