Hair removal - Intense Pulsed Light (IPL)

Does anyone here have experience with hair (beard) removal by Intense Pulsed Light (IPL)? Would you please share your experience?

How does IPL compare to laser and/or electrolisys?

The only place in my country that is offering "permanent hair removal", that I could find, is doing IPL, and they quoted me for 8-10 sessions @ US$150 each (with the legal minimum wage being about US$400 per month).

I am looking for testimonials and/or recomendations. Thank you.

Jessica