This is a "mini" wallet right? So if you're looking for something small, a wallet that easily fits in your pocket when you are walking(or not) to do a quick shopping, this product will serve you well enough. About the leather quality please note that if they made it with a finer leather, then it wouldn't be inexpensive, and certainly you are going to show it off to anyone, are you?
The only thing that I wish was better about this mini wallet is the strength of the magnet. It's better to not count on it, and you have enough space to put enough bills inside it.