Wireless Power Transfer (WPT) system is a rapidly evolving technology with vast potentials in consumer electronics, electric vehicles, biomedicals and smart grid applications such as Vehicle to Grid (V2G). Hence, this article is devoted to present an overview of recent progress in WPT with specific interest in magnetic resonance WPT and its system architectures such as compensation topologies, inputs and outputs, as well as coil structure. The strengths, drawbacks and applications of the basic compensations (SS, SP, PS, PP) and hybrid compensations (LCC and LCL) were presented and compared. Although primary parallel compensations perform well at low mutual inductance, they are rarely used due to large impedance and dependence of coefficient coupling on the load. Hence, the need for extra-compensations forming hybrid topologies, such as LCC, LCL, which usually choice topologies for dynamic WPT application or V2G application.