I tweezed my face ONCE and it was just... awful. First off, it took me over 4 hours to finish. I locked myself in my room and played movies on my computer while I was tweezing away, but still. Ugh. And the pain. Let me tell you, anyone that says that doesn't hurt is a LIAR. Beard hairs are different from body hairs in that they are more deeply rooted and they've got stronger, more resilient roots. There were hairs that I would pull on pretty much full force and they would just slide out in between the tweezers, so there was a lot of tugging and irritation. There were just some areas that hurt so bad, like I mean tears streaming down my face bad and I have a pretty high pain tolerance. Above the lip and under the chin were the absolute worst areas. Another awful thing about the experience was the bleeding. Because the roots are deeper there is a higher chance of bleeding. Not fun at all. It wasn't just a speck of blood and then done, either. Some hair follicles would bring up so much blood that it would start to drip down my face. My hair didn't grow back for about two weeks, which was ABSOLUTELY wonderful, but when it finally did start growing back in I was breaking out so badly. Some of the hairs didn't grow back quite right either, they were either really soft or oddly hard and I had to either wait for them to grow out long enough to slide out with a tweezer or if they got stuck in the pore I had to basically squeeze them out like blackheads. It's been quite a while since I tweezed my beard and I'm finally not getting those weird hairs anymore, but only recently have they stopped coming.
Basically all I can imagine is that waxing a beard would be all of that but done much faster, so more pain and more bleeding at one time. Yikes.
Sorry Erika, but I can't say I would suggest waxing the beard, and AusBelle is the first person I've encountered that has had anything positive to say about beard waxing. My suggestion? Get a good razor, get a very good conditioning shave cream, and some red/orange lipstick/shadow to really blend into the beard area before putting on foundation. You could also look into DermaBlend, I see it getting a lot of positive reviews. Best of luck to you!