Online auction site eBay is terminating its 15-year relationship with PayPal, preferring Amsterdam-based Adyen as its primary payments provider, notes Finextra. PayPal was spun out of eBay in 2015 and has since been building relationships with technology firms in an effort to reduce its reliance on its former parent. Commercial traffic via eBay currently accounts for about 13 per cent of PayPal volumes. The switch to Adyen as primary checkout option will take place in 2020, with PayPal dropping down the rankings to become a supplementary service. Adyen has been profitable since 2011, growing its earnings from US$46 million in 2015 to $87 million in 2016. Bank of America Merrill Lynch and PayPal have combined to allow BoA Merrill's business clients to make cross-border payments in local currencies with just an e-mail identifier, Finextra reports. The bank sees the agreement as riding the growth in digital wallets, which in many parts of the world are becoming a preferred method of payment.  The payments are initiated through the bank's product, can be made from the US to PayPal account holders in Mexico, France, Germany, Italy, the UK, and the Philippines.