Microsoft wants you to trade in that PlayStation 3 for the new Xbox One — and they’ll pay you to do it.

A new ad from the Redmond, Washington-based company offers $100 in credit for people swapping their PS3, Xbox 360 S, or Xbox 360 E for the new Microsoft console. This closes the gap between the Xbox One’s $499 price tag and that of Sony’s new PlayStation 4.

PlayStation owners will have to bring their working device to a Microsoft retail store to make the trade. The promotion runs through March 2.

Microsoft and Sony’s new consoles were released during the same week last fall. Bloomberg reported that each console sold more than one million units in its first 24 hours.

SFGate