North American online rent payment service RentMoola has chosen MasterCard as its preferred payment brand in the US and Canada.

Upon paying with MasterCard cards on RentMoola, tenants and condo owners can get a preferred rate for all MasterCard credit and debit card payments alongside rewards with exclusive offers.

From early 2016, RentMoola will also allow users to make payments through MasterPass by MasterCard.

RentMoola CEO and co-founder Patrick Postrehovsky said: "We are pleased to partner with MasterCard and offer our tenants the ability to make paying their rent rewarding and frictionless by leveraging their rewards programs when paying rent.

"MasterCard and RentMoola share the belief that consumers want choice and rewards, something checks/cheques and other payment methods do not offer.

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"MasterCard is a valued partner in our business and we look forward to additional partnership opportunities that offer increased value to MasterCard cardholders."