I love this purse!  I ordered the blue, and the color is exactly the same as the picture.  I bought this purse to wear with y Betsey Johnson Sammmii shoes, and the color is spot on.

The purse is a good size without being too big.  I can fit my Samsung Galaxy, keys, wallet, and other essentials in it with no problems.

The purse itself zips closed, then the flap has 2 small magnetic snaps, and finally the horseshoe-style embellishment folds up and manually snaps into place making this a very secure purse.  That said, I don't think you need to do up all of the closures in order to use the purse.  The material is a sturdy textured plastic with a touch of shine, making this a bag you can use for evenings.