By now, you've probably heard about the new technology called VoIP, or Voice Over IP. VoIP is a replacement for a standard telephone and phone line. It uses your high-speed internet connection instead of regular phone lines. Millions of people all over the world are embracing this new technology. Should you?

Let's take a look at the benefits and features. After all, you should make an educated decision and not just an instant decision. So why is VoIP so great?

- Price. VoIP's price, most of the time, will beat standard phone rates. Companies usually offer free long distance and foreign calling – so you could call someone on the other side of the world for the same price as a friend down the street. On the other hand, price would not be a huge advantage if you pay per minute with a standard phone and make only 2 short calls a month!

- Computer compatibility. You can use your computer as your phone instead of using a regular-style phone. Why would you do this? Well, with some computer software, you can share documents, messages, and videos (think webcam plus audio) with friends that also have VoIP.

- More features. VoIP isn't just a normal phone technology. It usually comes with many different features that you would have to pay for or couldn't even get with a regular phone service, like free caller-ID, conference calls, on-hold music, free voicemail, and more.

These are just some of the basic new VoIP features. Some companies even offer unique services and bonuses, so be sure to examine what you get so that you can fully compare between companies.

If, right now, you are thinking that VoIP is right for you, why not try it? After all, many companies offer a 30-day (or longer) money-back guarantee, so if you decide you're not happy with it, just ask for your money back!