When the Abandoned Cart option is active, the InitiateCheckout (Payment Initiated) event is now sent to Meta/Facebook as soon as the customer enters a valid phone number or email in the cart/Express checkout.
This means that:
✔ The start of the checkout process is detected earlier
✔ Meta can optimize your campaigns more effectively
✔ You can retarget customers who show real purchase intent
✔ Conversion-oriented ads become more effective
🚀 How to use it in your ads?
You can now use this InitiateCheckout (Payment Initiated) event in:
✔ Your retargeting campaigns
✔ Your custom conversions
✔ Your lookalike audiences
✔ Your event optimizations in Ads Manager
This allows you to achieve:
✨ better performance
✨ improved conversion tracking
✨ more precise optimization for hot leads