Abstract: Embodiments described herein take the form of a fastener, such as a button, clasp, or the like, that magnetically attracts a button to an enclosure, thereby securely closing the fastener. In one example embodiment, the fastener includes a base and a ring. The ring defines an aperture and the base includes a button. The button can move perpendicularly to a surface of the base that abuts or otherwise engages the ring. The ring includes multiple magnets typically positioned within a body of the ring and, generally, at opposing positions along a circumference or perimeter of the ring. Similarly, a magnet is positioned within the button. As the ring approaches the base, the ring magnets attract the button magnet, drawing it into the ring and closing or securing the fastener. The button moves transversely to the polarization direction of the ring magnets (and button magnet) as the button extends.