Our payment terms

Buyer : How to choose a Chinese Supplier of diesel generator set for a happy business cooperation ?

Seller : We are “Yangzhou Yongcai Machinery Co., Ltd”. power demand solution is professional and reliable

High quality and low price to buy “satisfaction”, the easy procurement without any trouble.

What you buy is Genuine Diesel Generator Set. What we supply is life-long service.

If our company is to be selected as your supplier, your order can be confirmed by your payment to us. Our acceptable payment terms are either telegraphic transfer or western union.


Telegraphic Transfer

Telegraphic Transfer often abbreviated to TT, is a term used to refer to an electronic means of transferring funds. A transfer charge is often charged by the sending bank and in some cases by the receiving bank.

Telegraphic Transfer

Our bank is Bank of China. We have a USD account in Bank of China. Our Company Bank Information is below.

1). Beneficiary:  YANGZHOU YONGCAI MACHINERY CO., LTD.

2). USD Account:  513170731398

3). Bank Name: BANK OF CHINA, JIANGDU SUB-BRANCH

4). Bank Address: NO.19 LONGCHENG ROAD, JIANGDU YANGZHOU, JIANGSU, CHINA

5). Bank Swift BIC: BKCHCNBJ95H


Western Union

  • The Western Union Company is an American financial services and communications company. Its headquarters is in Meridian, Colorado, although the postal designation of nearby Englewood is used in its mailing address. Up until it discontinued the service in 2006, Western Union was the best-known U.S. company in the business of exchanging telegrams.
  • Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments and commercial services. They offered standard “Cablegrams”, as well as more cheerful products such as Candygrams, Dollygrams, and Melodygrams.
  • Western Union, as an industrialized monopoly, dominated the telegraph industry in the late 19th century. It was the first communications empire and set a pattern for American-style communications businesses as they are known today.

Western Union

pay USD money to “Yong Cai”. receiver is an individual. Yong Cai (Chinese Name) = Jack Cai (English Name)  When you pay USD to us through western union, you must need the following information.
1). Receiver’s full name in English: Yong Cai
2). Surname (family name): Cai
3). First name: Yong
4). Payments amounted to US by USD
5). After you finish the payment through western union, please send your Money Transfer Control Number (MTCN) to us by mail.

Sending and receiving funds

In order to send funds, a sender goes to a Western Union office and presents funds (plus fees) for “Next Day” or “Money in Minutes” service. The sender provides his or her name and address, the recipient’s name, and a designated payment destination. Western Union then provides the sender a 10-digit Money Transfer Control Number (MTCN) that the sender must provide to the recipient. The recipient then proceeds to a Western Union agent office in the designated payment location, presents the 10-digit MTCN, and a photo ID. Money is then paid out to the recipient. In some locations, if a recipient lacks identification documents, the sender and receiver can set up a pre-arranged password. Funds are paid out in cash, although if payment exceeds a local maximum or cash on hand, a check is issued. Alternatively, a sender may forward funds to a recipient by using Western Union’s website or by phone. In some countries, the recipient doesn’t need the MTCN number if one has sufficient identification.

Transfer fees

Fees vary based on the sender and receiver’s location, type of transfer, and whether the money is sent from a counter location or by the website.