The reply-to Email is just the visible sender adress. This adress is visible to the user receiving your email.
This can be a fake email like NO-REPLY@YOURDOMAIN.COM
The parameter above is your real sending adress. Tip: Use a valid adress... your hosting environment may require a valid, physical email account. It may not work with an email ALIAS.
There are more parameters, that influence system emails. Did you check your Joomla user accounts:
-> user manager -> yourUser -> receive system emails YES/NO
-> CB global config -> Moderation tab -> Moderator group... (if you have multiple admins or managers, you should set your group accordingly)