If sending $1.24, the amount that will go to fees is $0.37 and the recipient will receive $0.87. That's 29.84% going to fees, effectively.
* Using Domestic and International fee rate of 5.4% + $.30
To receive $1.24, a payment of $1.63 should be sent. $0.39 will go to fees. That's 23.93% in fees, effectively.