OnePlus today announced its new smartphone trade-in program for the Indian market. The young company has partnered with ReGlobe who will be handling the buyback of the older smartphone from customers. The trade-in program is available for the OnePlus One, OnePlus X, and OnePlus 2. 

Thanks to the invite system, the trade-in program from OnePlus works a bit differently. Interested customers first have to register themselves over at ReGlobe’s website. During the registration process, they will have to share their contact details and which OnePlus smartphone they are interested in buying. At the end of the process, they will receive the “best quote” of their old smartphone.

After this, a ReGlobe representative will contact you and reconfirm whether you are interested in trading in your old smartphone for a new OnePlus smartphone or not. You will then be presented with two different exchange schemes: Buy First, Sell later; and Sell first, buy next. Under the first option, the ReGlobe representative will provide you with an invite so that you can purchase your desired OnePlus smartphone at its full price. The device pickup will also scheduled for a future date, and once the pickup is done, ReGlobe will give you an Amazon Gift card equivalent to the value of your smartphone. Under the Sell first, buy next option, the pickup is scheduled first, after which you will be given an Amazon gift card and an invite to buy the OnePlus X, One or 2.

If the total exchange value for your existing smartphone is more than Rs. 5,000, OnePlus will offer you free insurance provided you purchase the OnePlus 2 or OnePlus X. The trade-in program is available in Delhi, NCR, Bangalore, Hyderabad, Secunderabad, Mumbai, Pune, Chennai, Chandigarh, Jaipur, Kolkata, Lucknow and Ahmedabad.

The valuation offered by ReGlobe for your existing smartphone is certainly going to be a few thousand bucks lower than what you will get if you sell the device directly in the market. However, by directly trading in the smartphone with OnePlus, you can easily avoid the hassle of hunting for an invite for the device.