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 Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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