The origin of magnetoconductance (MC) in organic light-emitting diodes under bipolar injection conditions was investigated using devices containing pristine Super-Yellow poly(phenylene vinylene) (SY-PPV) or SY-PPV:phenyl-C61-butyric acid methyl ester (PCBM) (x wt%) blends as the active layers. In pristine SY-PPV device, it was found that the low-field component of MC was always larger than the high-field component. Additionally, the low-field component increased and then saturated with increasing the electrical stressing time, whereas the high-field component remained unchanged. These behaviors were analyzed using empirical formula (containing a Lorentzian and a non-Lorentzian function), which suggested that the dominant mechanism in the MC response was hyperfine mixing between single and triplet polaron pairs that occurred on trap sites. The specific role of these traps, providing interaction sites for hyperfine mixing, was confirmed by controlling the lifetime of the trapped polaron-pairs states by doping the active layer with PCBM.