This is a great idea, but it doesn't quite work. My everyday bags are big. It wouldn't hold any of them, especially the two-handled ones. They fell off immediately. It only fits in small lightweight bags that I use for evenings and special occasions. The hook pulls forward under the weight of the purse and falls off. It works for my small wallets (see photo) but I really wish it would for my everyday, larger wallets. I think clips work better than hooks.
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