We discuss the nature of the optical excitations of Cs 2 AgBiBr 6 , the archetypal compound of lead-free double-perovskites. Such quaternary material shows an indirect electronic bandgap with a broad optical absorption spectrum above 2 eV. By means of ab-initio excited-state methods we show that the first absorption peak is due to a bound direct exciton (X point of the Brillouin Zone), while the photoluminescence spectrum is explained in terms of phonon-assisted radiative recombination of indirect-bound excitons with transferred momenta along the L-X and Γ-X directions. To address the role of metal and halide atoms on the electronic and optical properties of this materials class, we investigate two additional ternary double-perovskites, i.e. Cs 2 In 2 X 6 (X=F, Br). Based on the accurate determination of the absorption coefficients and minimum gaps we estimate the spectroscopic limited maximum efficiency of solar cells based on such compounds, providing relevant information for their application in photovoltaics. Bulk Hybrid Organic Inorganic Halide Perovskites (OIHPs) and derived systems have completely changed the scenario of modern, cheap, photovoltaics (PV), 1-7 as testified by the huge conversion efficiencies (PCEs) reached by the perovskite solar cells (PSCs) that nowadays pass 23%. 8 Despite the so high PCEs reached by PSCs based on the archetypal compound MAPbX 3 (MA=CH 3 NH + 3 , methylammonium; X=halide) as light harvester, there remain issues mainly related to device stability and toxicity. For the former, the dimensionality reduction (3D → 2D, via the partial/total replacement of MA with longer-chain, hydrophobic, aliphatic (BA=butylammonium) or aromatic (PEA=phenethylammonium), organic cations), at the price of reduced PCEs, seems one of the best direction to follow. 9-12