I tried waxing a couple of spots down there a few days ago and wow was it painful! My skin got red and bumpy. I dont know yet if it will be worth it.
The skin around your bikini line is very sensitive and pulling at the skin in the way waxing does will do nothing but harm. Plus being delicate the chances of ingrowing hairs increases. Its important that daily you moisturise the area to help prevent this.
I actually epliate and I actually find it pretty painless in comparison.