I wire money to China a lot and I have never had a problem. Your bank will take care of sending the wire through. You need to have the bank name, swift code, and bank account that the money is going to. The bank accounts are usually about 13 numbers and you need to be sure that they match perfectly. Any mistake and the money could go into someone elses account never to be seen again.
The biggest concern is whether or not you are dealing with a legitimate company. To save $1500.00 for a part that I would need for my business I would not buy overseas from a company that I had no relationship with. If they send you a faulty part what are the chances that they would accept a return? They will see you as a one time deal and not really care to help you. Return shipping will also get you pretty hard too so factor that in. Also consider import tax charges when calculating your final price. I bring in orders of around $5,000.00 per order and average about $400.00 in import tax. I receive most items from FedEx and they send me a bill a week or two after I receive the shipments.
I owned a machine shop and I can tell you that I would not purchase a part that I needed to get a piece of equipment back running from overseas. It may end up costing you more in the end.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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