Satechi today announced the launch of its new Magnetic Wallet Stand, designed as an accessory to be used with the new iPhone 15 models launching this Friday.

The Magnetic Wallet Stand attaches to the back of any MagSafe iPhone, and Satechi says it’s designed to provide a “strong and secure fit” so the wallet doesn’t separate from the “iPhone.” The wallet can hold up to four credit cards, debit cards or ID cards and has a cutout to quickly display your ID number.

NFC transmission is provided from the front pocket, allowing you to use the Touch Payment feature without having to take your card out of your wallet.

Besides a wallet, the accessory can be opened and used as a secure “iPhone” stand for FaceTime calls, watching videos, gaming with a Bluetooth controller, and more. When used as a stand, it can be attached to the “iPhone” in landscape or portrait orientation.

Made from alternative leather, the magnetic wallet holder is available in seven colours. Black, brown, navy, and orange are available on Satechi’s website, and Apple sells the Wallet Stand in three exclusive colors in addition to black, including green, purple, and blue.