An alternative is to open an account with a local bank. In these countries, customers and businesses rely extensively on wire transfer to pay each other. S.W.I.F.T. is used by banks for international wire transfers. It is fast and convenient, but because you must provide your banking information, it is best left for established relationships. Perez cautions against international wire transfer for consumer purchases, as some scam artists use this payment method to collect banking information to commit fraud.
Bank drafts are similar to cashier's checks.
They are issued directly by banks, possibly in foreign currencies. Make sure that you can actually cash a draft before you accept it as payment, especially if it is made out in a currency from a former Communist bloc country. John Perez also points to Fifth Third Bank's multicurrency accounts based in London. They are popular with our customers selling in Europe. They use the foreign currencies they collect from international payments to pay their international providers.