buy business and industrial equipment overseas

How to buy business and industrial equipment overseas

Need to buy industrial equipment overseas in bulk? By using a dedicated international money transfer provider you’ll get the best bang for your buck.

From local shopping centres, restaurants and florists, to entrepreneurial startup businesses, factories and giant global corporations, every business type and size needs to watch their expenditure and save money where possible for a year-round healthy revenue.

A functioning business also needs industrial equipment. Whether you’re fitting out a new office space, buying a new coffee machine or updating earthmoving equipment, it’s essential to find a quality product that won’t cost a fortune but still lasts the long haul.

In this short guide we investigate how to buy business and industrial equipment, if purchasing overseas is cheaper than buying local and why using a dedicated international money transfer provider is the way to go.

Buying industrial equipment online

There are many forms industrial equipment used in the workplace and often the materials are large and strong, comprised of titanium and steel. Sometimes machines are needed to lift and move these types of materials, which could weigh tonnes.

While industrial equipment should be inspected every day to ensure it’s in the best working condition, in some cases equipment can break. If a piece of your industrial equipment is no longer in working order it should be stopped immediately and not used for any reason.

So where do you find its replacement? While you could source it locally, you could get a much cheaper deal by heading online to a suppliers or wholesale website.

To purchase your industrial equipment safely and securely online, look for the following:

  • Australian .au websites. While it could be slightly cheaper buying straight from the supplier’s overseas website, if you’re able to purchase locally, go ahead.
  • Global .com or .net websites. Check their online portfolio, social media, reviews and whether they ship to Australia.
  • Check shipping costs. Australian and international shipping costs can add up and be expensive.
  • Alternative payment methods (that are verified). If you’re buying from an overseas website or individual an international money transfer will mean you won’t have to pay any fees.
  • Warranty. Check that the purchase comes with a warranty to cover your equipment in case something goes wrong.
  • Refund/exchange flexibility. With any online purchase, knowing there’s the flexibility of a refund, return or exchange brings peace of mind.

Thousands of websites specifically deal in both business equipment and industrial equipment. These include:

  • ebay
  • industryclearance
  • machinerytrader
  • rbauction
  • capsshop
  • machines4u
  • graysonline
  • equipmenttrader
  • primesupplies
  • industrybuying
  • amazon

Please note that these sites are suggested as a general guide. They may change in design or price and finder.com.au takes no responsibility for any of their changes.

Buying locally vs buying overseas

With such a diverse range of specific equipment needs on offer, you could end up paying far more locally than you would overseas. This is often referred to as “the cost of convenience”.

For example, a mechanical service workshop will often have to source unique parts for different customer requirements. If you work in a fixed industry like this, purchasing your equipment online from overseas is a cost-effective option if it’s not required immediately and you’re prepared to wait.

With the majority of manufacturing taking place outside of Australia (outsourced to China, India, South Korea, Thailand or Turkey) it makes sense to head straight to the source for cheaper industrial equipment.

Considerations when buying industrial equipment online

For individuals and businesses who plan on purchasing equipment from an overseas supplier, choosing an international money transfer over the bank or PayPal could mean you avoid paying extra. This provides you with a better exchange rate plus much lower fees or none at all.

Compare international money transfer services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.664 USD
6,634
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 3,000 1 day GBP 20.00 0.683 USD
6,818
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.683 USD
6,827
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.679 USD
6,785
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.677 USD
6,770
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 200 1 day AUD 0.00 0.68 USD
6,800
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers

The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
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Benefits of choosing a dedicated money transfer provider

There are several reasons why you should opt for a money transfer when purchasing industrial equipment online.

  • Flexibility. Money transfers are desktop-, mobile- and tablet-friendly so that you can transfer money on the go as long as you’re connected.
  • Secure data. Provided you do your research and compare services, dedicated online money transfer providers are safe and secure, encrypting your financial data to protect sensitive information.
  • Merchant/software integration. If you need to keep a history of your industrial equipment purchases or invoices, some online money transfer providers integrate well with accounting software like XERO.
  • Low exchange rates. Unlike banks that may use an outdated exchange rate, money transfer companies work to find the best exchange rates possible. For example, CurrencyFair have an open market where users can propose their own exchange rate deals.
  • Lower fixed fees. Many dedicated money transfer providers offer their services fee-free.

Free international money transfer calculator

Get favourable exchange rates and lower fees with a dedicated international money transfer service provider. There’s a world of options out there but we’ve made it easy for you.

Use our free international money transfer calculator for new business leases to find a provider suitable for your startup. Register for a service by clicking “Go to site” or “More” to learn more about a product.

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