I've had no problem using using iron on edging laminate in our boat for a couple of small repairs.
I use it occasionally in my hobby cabinet making and MOST DEFINITELY there is variation in quality with different laminates. This shows up in the different type of hot glues used.
I'd suggest looking for a woodworking specialty store rather than using a big box store.
If you're not able to get a good quality laminate, as suggested, use a waterproof glue.