I've received overseas payments from Paypal for my biz (non-Ebay transaction), without a problem. Fees are posted on Paypal's website.
It's cheaper than sending or receiving a wire transfer, and there's no currency exchange costs (IIRC).
If you're thinking of a check as an alternative, don't accept a check unless it's in US funds from a US bank, because the fees will co$t you.
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