If it was me then I'd be sorting out the electrics to a point where I was happy with them. This is what I've done with three of my lathes (two from eBay one bought privately). It's delaying day when you can use the machine but once it's done it's done.
I'd be wanting an outer casing around those terminals, something like Hammond plastic project boxes from RS or similar. I'd want strain relief grommets on the cables where they enter the outer box so that if the cables are pulled the force is not baing taken by the electrical terminals. Also check the fuses in the plugs – 3A is probably plenty but all of mine arrived with 13A.
For bigger machines I'd want an NVR power switch and maybe an emergency stop button but I dont have either on my Unimat.
I've no idea where you stand if you want to complain to the seller or eBay. The discussion threads I've seen seem pretty rambling and inconclusive on this point.
Regards, Andy