The charge recombination and exciton dissociation are generally recognized as the basic electronic processes limiting the efficiency of photovoltaic devices. In this work, we propose a detailed mechanism of photocurrent generation in dye-sensitized solar cells (DSSCs) examined by magnetic field effect (MFE) technique. Here we demonstrate that the magnitude of the MFE on photocurrent in DSSCs can be controlled by the radius and spin coherence time of electron-hole (e-h) pairs which are experimentally modified by the photoanode morphology (TiO2 nanoparticles or nanotubes) and the electronic orbital structure of various dye molecules (ruthenium N719, dinuclear ruthenium B1 and fully organic squaraine SQ2 dyes). The observed MFE is attributed to magnetic-field-induced spin-mixing of (e-h) pairs according to the Δg mechanism.