Seagrass beds, as an important coastal blue carbon ecosystem, are excellent at storing organic carbon and mitigating the impacts of global climate change. However, seagrass beds are under threat due to increased human activities and ubiquitous presence of microplastics (MPs) in marine environments. Bibliometric analysis shows that the distribution and accumulation of microplastics in seagrass beds has been widely documented worldwide, but their impacts on seagrass beds, particularly on carbon sequestration capacity, have not been given sufficient attention. This review aims to outline the potential impacts of MPs on the carbon sequestration capacity of seagrass ecosystems across five key aspects: (1) MPs act as sources of organic carbon, contributing to direct pollution in seagrass ecosystems; (2) Impacts of MPs on seagrasses and their epiphytic algae, affecting plant growth and net primary productivity; (3) Impacts of MPs on microorganisms, influencing production of recalcitrant dissolved organic carbon and greenhouse gas; (4) Impacts of MPs on seagrass sediments, altering the quality, structure, properties and decomposition processes of plant litters; (5) Other complex impacts on the seagrass ecosystems, depending on different behaviors of MPs. Latest progress in these fields are summarized and recommendations for future work are discussed. This review can provide valuable insights to facilitate future multidisciplinary investigations and encourage society-wide implementation of effective conservation measures to enhance the carbon sequestration capacity of seagrass beds.