More suitable wastewater treatment schemes need to be developed to get rid of harmful dyes and pigments before they are discharged, primarily from apparel and textile factories, into water bodies. Silver nanoparticles (Ag-NPs) are very effective, reductive nanocatalysts that can degrade many organic dyes. In this study, Ag-NPs are stabilized and capped with bioactive compounds such as Galaxaura elongata, Turbinaria ornata, and Enteromorpha flexuosa from marine macroalgae extracts to produce Ag[GE], Ag[TE], and Ag[EE] NPs. The reduction of Ag ions and the production of Ag[GE], Ag[TE], and Ag[EE] NPs have been substantiated by UV–Vis spectroscopy, SEM, EDX, and XRD tests. The NPs are sphere and crystalline shaped in nature with dimensions ranging from 20 to 25 nm. The biosynthesized Ag[GE], Ag[TE], Ag[EE] NPs were applied to photodegrade hazardous pigments such as methylene blue, Congo red, safranine O, and crystal violet under sunlight irradiation. In addition to the stability analysis, various experimental parameters, including dye concentration, exposure period, photocatalyst dose, and temperature, were optimized to achieve 100% photodegradation of the dyes. Moreover, the thermodynamic and kinetic parameters were calculated and the impact of scavengers on the photocatalytic mechanism was also investigated.